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Posts Tagged ‘ Baidu ’

China launches $14.6 bn investment fund to support internet companies

Monday, January 23, 2017 | More »

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China has launched an investment fund worth 100 billion yuan ($14.6 billion) to support internet firms, state-run Xinhua news agency reported. The fund has already raised around 30 billion yuan from state-owned banks and companies out of which 10 billion yuan has been invested by the Industrial and ...

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Why Baidu is cautious about investing in Indian startups

Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

8 December, 2016 | More »

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Great Wall Club Innovator Fund plans more deals in India

Silicon Valley-based early stage investor GWC Innovator Fund plans to step up seed investments in India by backing five to ten startups in a year from its new $20 million fund, its co-founder Barret Parkman told Techcircle. GWC Innovator Fund is an offshoot of Great Wall Club (GWC), the company that...

21 November, 2016 | More »

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Microsoft’s speech recognition system achieves parity with humans

Microsoft’s experimental speech recognition software has made a technological breakthrough that recognises the words in a conversation as well as a person does. “Even five years ago, I wouldn’t have thought we could have achieved this. I just wouldn’t have thought it would be possible,...

19 October, 2016 | More »

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Chinese search engine giant Baidu sets up $3 bn investment fund

Beijing-based search engine major Baidu Inc. has set up a 20 billion Yuan ($3 billion) fund to invest in the internet sector, the firm said on Wednesday. According to Reuters, the fund ‘Baidu Capital’ will focus on mid- and late-stage firms, with individual funding amounts ranging from $50 milli...

12 October, 2016 | More »

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Here’s what tech leaders are saying about Yahoo’s sale to Verizon

Yahoo! Inc.’s sale to Verizon Communications Inc. marks the end of an era for the Internet pioneer. The $4.83 billion price tag for a company which was once valued at $128 billion during the dotcom boom has become the talk of the town. Since the deal’s announcement leaders from the tech ...

26 July, 2016 | More »

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Baidu prepared to grow through further acquisitions in 2014

Baidu Inc is prepared to grow by making further acquisitions in 2014, Chief Executive Robin Li said on Thursday after the Chinese Internet company reported its fourth quarter earnings. Baidu’s aggressive strategy to gain ground on competitors such as Tencent Holdings Ltd and Alibaba Group Hold...

27 February, 2014 | More »

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Group of Chinese internet firms to sue Baidu over copyright violations

A group including Chinese Internet firms Tencent Holdings and Sohu.Com Inc  as well as a top U.S. film industry body said on Wednesday it is seeking 300 million yuan in damages from China’s Baidu Inc and others for copyright violation. The group, which also includes Youku Tudou Inc, Dalian Wa...

13 November, 2013 | More »

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Baidu’s Q3 outlook reassures amid rising competition

Baidu Inc forecast third-quarter revenue well beyond investors’ expectations, dispelling fears that growing competition in its home Chinese market was sapping market share and propelling its stock 11 per cent higher. The company, China’s largest Internet search engine, foresees revenue ...

25 July, 2013 | More »

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Baidu to buy Chinese app store for $1.9B

Baidu Inc, China’s top search engine, plans to acquire app store 91 Wireless for $1.9 billion to strengthen its foothold in the country’s highly competitive mobile computing sector. Baidu will buy a 57.4 per cent stake in 91 Wireless, one of China’s earliest appstores, from NetDrag...

16 July, 2013 | More »

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