Chinese intelligent adverting firm XinChao Media Group has secured a RMB2.1 billion (US$302.11 million) strategic investment from the country’s internet giant Baidu Inc., according to an announcement released on XinChao’s website today. Chinese investment bank China Renaissance has acted as the exclusive financial adviser in the deal. Under the strategic partnership, XinChao has become a […]

Chinese Search Engine Giant Baidu Leads $302M In Elevator TV Operator XinChao appeared first on China Money Network.