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Baidu Paying $3.6 Billion for JOYY’s China Live-Streaming Business

Baidu, China Internet search and AI giant, has agreed to pay $3.6 billion in cash for the Chinese live-streaming business of JOYY. The deal may help Baidu catch up in the fast-growing live and short video sectors, where it trails TikTok-owner Bytedance and social media leader Tencent. Driven by changes in consumer behavior that were […]

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