百度视频完成1亿美元B轮融资 百度领投 —Sina Tech
What happened: Video search and content aggregation platform Baidu Video (百度视频) has raised $100 million in Series B round led by Baidu with participation from institutional investors including Jadex Capital, Houze Ruyi, and Gfund Management. The new injection will allow Baidu Video to increase its investment in original content as well as the development of AI and other cutting-edge technologies.
Why it’s important: Baidu Video is China’s largest video search and PGC (Professionally-generated Content) distribution platform. According to iResearch, Baidu Video monthly active users reached 70 million in July. Baidu Video has deepened its partnerships with Chinese mainstream video streaming sites, multi-channel networks, and media, including 36Kr and Renren. It is also said to be putting more focus on the short-video content ecosystem. Baidu Video was a business unit of Baidu, but the company went independent after raising RMB 1 billion in 2016.