SAIF participates in $155m round for Baidu video unit
SAIF Partners has participated in a RMB1 billion ($155 million) round of funding for Baidu Video, a new online video affiliate created by Chinese search giant Baidu.
Shenzhen-listed Shanghai New Culture Media Group led the round, having committed RMB500 million for a 17-22% stake, it said in a filing. Dalian Zenus Entertainment, another publicly-traded company, invested...
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