Baidu takes 11% in HK-listed Skyworth's smart TV unit for $160m

Baidu takes 11% in HK-listed Skyworth's smart TV unit for $160m

REUTERS/Kim Kyung-Hoon

Nasdaq-listed online search service giant Baidu is picking up an 11 per cent stake in the smart TV unit of Hong Kong-listed consumer electronic major Skyworth Digital Holdings for Rmb1.01 billion ($160 million), according to a Hong Kong regulatory filing.

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