China: Search engine Baidu scraps acquisition of live streaming platform YY

Jan 02, 2024

Baidu, China's leading search engine, terminated its planned USD 3.6 billion acquisition of Nasdaq-listed Joyy (YY) live streaming business dealing a blow to its...

Alibaba dumping Chinese media company's shares after Beijing's clampdown on big-tech

Sep 26, 2021

Beijing [China], September 26 : Of late China's big tech firms like Alibaba, Tencent and Baidu are facing problems under growing pressure from Beijing's...

Big tech firms concerned over antitrust scrutiny in China

Apr 04, 2021

Washington DC [US], April 4 : Of late China's big tech firms like Alibaba, Tencent and Baidu are dealing with hurdles similar to those...