Latest News

China's Baidu cancels $3.6 bn purchase of livestreaming site
China's Baidu cancels $3.6 bn purchase of livestreaming site
Technology
by  AFP

Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval. Baidu, the country's top search engine company, agreed in 2020 to buy JOYY Inc's Chinese live video business YY Live for $3.6 billion.