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Rumor: Baidu CEO Participated in 360Buy's Third-Round Funding

iFeng Tech, 5/11/11

Beijing-based B2C e-commerce platform 360Buy CEO Liu Qiangdong today revealed on his microblog that Robin Li, CEO of Baidu (Nasdaq: BIDU), was among the investors in 360Buy's third-round funding, which totaled USD 1.5 bln. However, Liu quickly deleted this post. Liu did not clearly discern in his post whether Li individually invested in 360Buy, or Baidu invested in 360Buy under Li's name. 360Buy refused to comment.

Editor's Note: For more background on this topic, please see "360Buy Confirms USD 1.5 Bln in Third-Round Funding" MD 4/02/11 issue.

Keywords: Liu Qiangdong Robin Li e-commerce Internet funding B2C Baidu 360buy third-round BIDU


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