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September 01, 2020 10:27am
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Hulu Investor Injects $50 Million Into Baidu’s Online Video Venture, Qiyi

Hulu investor Providence Equity Partners is pumping $50 million into a new online video company set up by Chinese Internet search giant Baidu . The news comes roughly 7 weeks after Baidu confirmed plans to established a new independent company to provide licensed, advertising-supported online video content to Chinese Internet users.
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