Company Of The Day: Baidu

by Trefis Team
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Trefis
BIDU
Baidu
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Baidu (NYSE:BIDU) is reportedly nearing a deal to acquire peer JOYY’s operations in China. JOYY is the parent company of the Chinese video-based social media platform YY besides services like BIGO LIVE, Likee, HAGO and YY dating. Baidu is expected to acquire JOYY’s China business only, with the overseas business likely to continue to operate independently.

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