China’s Baidu, which is often compared to Alphabet’s Google, is showing no signs of slowing down its pace of betting on video content as its core advertising unit feels the squeeze from rivals. The company’s latest financial results show its video streaming business iQiyi posted a net loss of 9.1 billion yuan or $1.3 billion in 2018, […]
View More Baidu’s video site iQiyi adds 37M subscribers in 2018 amid mounting lossesCategory: Sogou
Microsoft confirms Bing is down in China
Microsoft’s Bing is down in China, according to users who took to social media beginning Wednesday afternoon to complain and express concerns. The Seattle-based behemoth has confirmed that its search engine is currently inaccessible in China and is “engaged to determine next steps,” a company spokesperson said in a statement to TechCrunch Thursday morning. Citing […]
View More Microsoft confirms Bing is down in ChinaSpotify and Tencent agree to swap stakes in their music businesses
Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses. Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while… Read More
Chinese search engine Sogou up 4% following IPO
Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $13 per share, the company raised $585 million. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4 percent. Read More