Baidu revenue beats estimates; to buy JOYY’s China live-streaming unit

– A + A BENGALURU/BEIJING (Nov 16): Chinese search-engine leader Baidu Inc booked a 1% rise in quarterly revenue, beating market estimates, and said it will buy streaming platform YY Live from social-media firm JOYY Inc for about US$3.6 billion to help diversify revenue sources.…

This news comes via ChinaPulse.com, which delivers news, data, analysis, and insights on Chinese business, travel, finance, health, military, investment, and technology.

Visit the original:
ChinaPulse.com

Comments are closed.