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Baidu Raises $60m to Expand into Online Video

January 5, 2010

According to Tencent Tech, someone from Baidu confirmed yesterday that Baidu will set up a new business through the investment holding company to expand into the Internet video space; the ex-CEO of 12580 Mr Gong Yu will be the CEO of the new company. The new company has received 60 million U.S. dollars from U.S. [...]

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