Beijing Xiaomi Technology

Chinese video site iQiyi gets new funding

Beijing Xiaomi Technology has invested US$63 million into Chinese streaming and on-demand site iQiyi as has one of its other existing backers, Baidu, according o Chinese reports. Beijing Xiaomi is one of China’s largest smartphone makers. The consumer electronics firm will also invest in Chinese video sites Youku Toudu and the pair will codevelop new […]