By Rebecca Davis editor Chinese tech giant Baidu will invest $70.3 million into the live-streaming sector, the company said, as it looks to take on rivals Douyin, China’s version of Tiktok, and Kuaishou in that space.
The news comes as these three players jostle for dominance amidst a series of tit-for-tat lawsuits. Baidu’s vice president Shen Dou said last week that the company’s new investment will be spent on growing its live-streaming user base and attracting high quality content
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