investment

Baidu Announced $306 Million Strategic Investment in Qunar.com

Travel search engine Qunar.com received USD 306 million strategic investment from Baidu, which makes Baidu the biggest institutional shareholder. 306 million is the biggest strategic investment in online travel market in China and also the biggest one for Baidu so far. Qunar and Baidu will work closely together in the product line and branding to promote [...]

Foreign Investment Banned in China Online Gaming

via FT.com, Foreigners would be banned from operating online gaming within China through wholly foreign-owned investments, joint ventures or any other forms of co-operation with local companies, the country’s publishing regulator said.