Space

Baidu invests US$158m in Skyworth’s smart TV unit

Baidu, operator of China’s largest online search service, is investing more than 1 billion yuan (US$158 million) in the smart television unit of Chinese consumer electronic major Skyworth Digital Holdings, escalating competition in the growing market for smart home devices in the country. Nasdaq-listed Baidu, through subsidiary Dagze Bairuixiang Venture Investment Management Co, has agreed […]