Baidu to Invest in Browser Game Developers
Sina Tech, 11/26/10
Wei Hongrui, GM of Chinese internet company Baidu's (Nasdaq: BIDU) gaming division, said today that Baidu would earmark at least RMB 10 mln for strategic investments in browser games over the next half year, with the goal of owning a 10% or greater stake in game makers.
Since Baidu first established its gaming division this past January, the division has grown to nearly 100 employees, and is set to double in size next year. Wei said that Baidu had several deals underway, to be announced in approximately six months.
Keywords: Wei Hongrui browser game Internet Baidu BIDU online gaming HR
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