Baidu Plans $150M Fund To Support Content Producers

baiduChinese search engine giant Baidu Inc. is planning to establish a RMB1 billion (US$150 million) fund to support content producers and enrich content offerings to Baidu users, Chinese media reported. The fund follows similar moves made by Tencent Holdings Ltd. and Chinese news recommendation app Toutiao, both have established content support funds with hundreds of […]

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Read the original article: China Money Network