, Columnist
Baidu Wants to Get Smart About TVs
It's a way to deliver ads and content straight to China's living rooms.
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Baidu Inc. just bet 1 billion yuan ($158 million) that smart TVs, and their operating systems, have a bright future.
Skyworth Digital Holdings Ltd. announced on Friday that a wholly owned subsidiary of the Chinese search engine will take an 11 percent stake in its Coocaa business. While Hong Kong-based Skyworth's own interest gets diluted, it shouldn't be too disappointed. Coocaa's valuation will go from 3.9 billion yuan eight months ago to 9.2 billion yuan.