Baidu Video Raises $155M in Funding

video_logo_baiduBaidu Video, a Beijing, China-based spin-off from the search engine Baidu*, raised $155m in funding.

Backers included the same Baidu, Tianshen Yule, Shanghai New Culture Media Group, Softbank Asia Infrastructure Fund and Redpoint Ventures.

Led by Hu Hao, CEO, Baidu Video is a platform for professional generated video content, video search and content aggregation services.

Baidu, which trades on the NASDAQ Global Select Market under the symbol “BIDU”, is a Chinese language Internet search provider. In addition to serving individual Internet search users, the company provides a platform for businesses to reach potential customers.



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