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Baidu's Video Unit Raises $155M From Shanghai New Culture Media And SAIF
Aggregated Source: China Money Network
baidu33Baidu Inc says its online video division has completed a RMB1 billion (US$155 million) fundraising led by Shenzhen-listed television production firm Shanghai New Culture Media Group, according to an announcement on its Weibo account. SAIF Partners China also participated in the deal. Baidu also says that its online video division will be operating independently from […]

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