Baidu to Buy JOYY’s Chinese Live-Streaming Service for $3.6 Billion

Baidu to Buy JOYY’s Chinese Live Streaming Service for $3.6 Billion Baidu to Buy JOYY’s Chinese Live-Streaming Service for $3.6 Billion Baidu said it aims to diversify its revenue source through the new deal. By Reuters | Updated: 17 November 2020 11:10 IST Baidu’s Netflix-like service is in the middle of a probe by the US Securities and Exchange Commission Highlights Subscribers for iQIYI touched 104.8 million in September Baidu’s mobile ecosystem enables fast growth of non-advertising revenue Baidu’s US-listed shares were down 2 percent after the bell

China’s Baidu reported third-quarter revenue above market expectations on Monday and said it would buy social media platform JOYY ‘s video-based live streaming business in China for about $3.6 billion (roughly Rs.…

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