Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Baidu TV Operator Obtains Second-Round Funding

BiaNews, 8/26/10

Ads It! Media, exclusive operator of Baidu's (Nasdaq: BIDU) Baidu TV, has announced the completion of second-round funding led by Zhejiang Daily Press Group. Ads It! Media has not revealed any specifics about the deal, but industry sources say the total figure is in the tens of millions of RMB. Baidu senior VP Shen Haoyu said Baidu TV has experienced rapid growth this year, with revenue up nearly 200% YoY in H1 2010 and averaging 50% growth each quarter.

Keywords: Internet funding revenue Ads It! Media Baidu Baidu TV second-round BIDU H1 2010

« Prev Index Next »
Disclaimer

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Search

Search Marbridge Daily

Marbridge Reports

Baidu, Alibaba, Tencent, JD, & Xiaomi M&A Matrix - Q3 2018
Chinese Mobile Gaming Industry Matrix - Q3 2018