Baidu would invest about 10bil yuan (RM6.34bil).
Chinese Internet search engine provider Baidu Inc has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth.
The result comes as Baidu narrows its attention to just a handful of areas outside its core business, while the other two of China's big-three tech firms – Tencent Holdings Ltd and Alibaba Group Holding Ltd – spend billions of dollars expanding into sundry sectors in multiple markets.
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