Chinese content video platform Baidu Video has secured US$100 million in series B financing round led by its parent company and the country’s search engine giant Baidu Inc. The latest fundraising round saw the participation of industrial investment company Yintai Group, Shanghai-based venture capital firm Jadex Capital and quantitative investment-focused Gfund Management Co. Ltd. Aiming to become top professional generated content (PGC) video provider in China, the company plans to use the proceeds to produce original video service, attach advanced …

China’s Search Engine Giant Baidu-Backed Video Platform Raises US$100M In Series B Round appeared first on China Money Network.