China: Baidu's movie arm invests $303m in new film fund

China: Baidu's movie arm invests $303m in new film fund

Image of Baidu campus from Wikimedia.

Baidu Nuomi Pictures, the film arm of Chinese Internet search giant Baidu, will invest RMB 2 billion ($303 million) in a film fund, the company said on Thursday at the Shanghai International Film Festival.

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