Baidu now China's leading online-video provider with PPS buy

05/8/2013 | TechCrunch

China's Baidu says it has spent $370 million for the online-video division of Shanghai-based PPS, which will make Baidu's video-on-demand platform iQiyi the nation's largest by subscribers. Analysts say the deal further underscores the growing importance of online video in the region and will enable Baidu to better compete with Youku-Tudou.

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