Baidu, China's search engine market leader, is to buy back up to $1 billion of its own shares, the company announced Thursday.
Rising content costs and decreasing operating margins at online video subsidiary iQIYI contributed to flat profits at Chinese Internet giant Baidu at a time of steeply increasing revenue.
Chinese search engine giant Baidu is to invest $19 million (HK$50 million) in the SMI Holdings cinema chain.
Chinese Internet giant Baidu reported revenues up by 34% in the first quarter of 2015. Mobile now accounts for 50%.
U.S. entertainment lawyer Lindsay Conner predicts more cross-Pacific deals as the getting to know each other phase is over.
Mobile revenues exceed PC-based services after two years of rebuilding
China and the Hollywood film industry have engaged with each other for much of the past decade, with both sides slowly discovering the opportunities, learning the limits of cooperation and enlisting…
Two offshore Internet investment funds have paid a combined RMB1 billion ($163 million) for stakes in Wanda E-Commerce.
China has arrested over 30,000 people in connection with the spread of pornography and online gambling.
Chinese Internet group Baidu is said to be in the process of making an investment in Uber, the controversial taxi hailing app.
Giant smart phone maker now has stakes in rival online video companies.
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