Baidu Inc (BIDU.O)
23 Aug 2017
HONG KONG KuangChi Science Ltd said its parent has invested 4 billion yuan ($600.3 million) in a 1.88 percent stake in China United Network Communications Ltd, becoming one of its strategic investors under a mixed ownership reform plan.
HONG KONG, Aug 22 KuangChi Science Ltd said its parent has invested 4 billion yuan ($600.3 million) in a 1.88 percent stake in China United Network Communications Ltd , becoming one of its strategic investors under a mixed ownership reform plan.
* Baidu is selling takeout delivery business to Alibaba-backed Ele.me - WSJ, citing sources Source text - http://on.wsj.com/2ijYmeV Further company coverage:
HONG KONG Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings , as part of Beijing's push for state-owned enterprises to be revitalized with private capital.
* Shanghai unit to raise the funds from Alibaba, Tencent, Baidu
BEIJING China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country's push to secure the internet and maintain strict Communist Party control over content. | Video
* Names popular social media platforms WeChat, Weibo (Adds Baidu comment, no comment from Tencent, Weibo, context)
Aug 11 Hong Kong shares fell 2 percent on Friday, dragged down by a sell-off in internet-related shares and fears over the impact of rising tensions between the United States and North Korea.
BEIJING, Aug 11 China's top cyber authority said on Friday it is investigating several of China's most popular internet platforms over breaches of cyber laws.
HONG KONG (Reuters Breakingviews) - Baidu rival Sogou is planning an initial public offering in the United States. But convincing investors to back a distant number two in China’s mobile-search market could be tricky. Sogou’s relationship with backer Tencent will be key.