Hulu Investor Injects $50 Million Into Baidu’s Online Video Venture, Qiyi
February 26, 2010 at 06:21 AM EST
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.