Zhang Hongy

Chinese web service Baidu buys video platform

China’s largest internet provider Baidu has acquired a local video on-demand platform for US$370 million, a move that makes it the territory’s largest VOD player by some counts. The acquisition of the online video business of Shanghai-based PPS will place Baidu in deeper competition with the current market leader, Youku-Tuduo. Baidu will merge PPS with […]