2013-05-07
China's Baidu Acquires PPS For USD370 Million
Chinese search engine company Baidu Inc. has acquired PPS, an Internet video company, for USD370 million and it will integrate PPS with Iqiyi.com to provide better services to users. Tang Hesong, general manager for Baidu's enterprise development department, told local media that scale and mobility are the core strategic factors for the success of the [...]