Page 37 - Baidu News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China's Baidu plans to donate a quantum computing laboratory and equipment to the government-backed Beijing Academy of Quantum Information Sciences (BAQIS), a company spokesperson said on Wednesday. Baidu's move followed that of its peer Alibaba, which in November had said it would wind down its quantum computing laboratory and team within its research arm amid a broader company restructuring, donating both the lab and related experimental equipment to Zhejiang University. Baidu established its quantum computing research centre in 2018, led by Duan Runyao who received his bachelor&...

By P.R. Venkat Baidu has called off a $3.6 billion deal to buy JOYY's video-based entertainment live-streaming business in China. As of the end of December,...

The failure of the deal casts a shadow on search engine giant Baidu's ambition to diversify its revenue. The company proposed to acquire JOYY's video-based entertainment live streaming business in China, known as YY Live, in 2020.

(Bloomberg) -- Baidu Inc.’s bid to acquire Joyy Inc.’s live-streaming business for China has lapsed, dealing a blow to the search engine giant’s advances into the digital video arena.Most Read from BloombergQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIran Sends Warship to Red Sea After US Sinks Houthi BoatsIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesMaersk Halts Red Sea Shipping as US Navy Sinks Houthi BoatsUS Pushed Dutch Maker of Chip Equipment to Block Chinese

Baidu affiliate Moon SPV Ltd terminated the share purchase agreement with JOYY because the conditions of closing the deal it provided for "had not been fully satisfied" as of the end of 2023, Baidu said in an exchange filing on Monday.