Video streaming service provider iQiyi Inc, a unit of Baidu, filed on Tuesday for an initial public offering that is set to raise more than $1.50 billion amid fierce competition in China's online entertainment market.
Google reclaimed on Tuesday its spot as the default search engine on Mozilla Corp’s Firefox Internet browser in the United States and other regions as the browser maker stunned Verizon’s Yahoo by canceling their deal.
Chinese search engine giant Baidu Inc forecast December quarter revenue that fell short of analysts’ estimates as the company ramps up investments in artificial intelligence and autonomous driving technologies.
This week in Paris, Adrian Cheng announced the launch of a significant new investment fund to target what Cheng sees as the key consumer market of this century – Millennials and Generation Z in China. Call them BATers.
Chinese search engine giant Baidu Inc has hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as its hones its focus onto artificial intelligence.
The top messaging app in China is redesigning key product parts to spread its tentacles to just about every aspect of Chinese life, including its own payment infrastructure, posing a formidable challenge to Apple Pay.
A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the Hong Kong-listed shoe retailer at about $6.8bn.