Baidu says completed around $155m fundraising for new video business subsidiary

Baidu says completed around $155m fundraising for new video business subsidiary

Women are photographed in front of a Baidu sign during a new product launch in Shanghai, China, November 26, 2015. REUTERS/Aly Song/Files

Baidu Inc has completed raising around 1 billion yuan ($154.69million) for a new video business subsidiary, it said in a posting on its microblog on Wednesday.

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