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Baidu To Invest CNY1.01 Bln In Skyworth Digital Unit Coocaa

By Hong Kong Newsroom
Nikkei Markets
HONG KONG (Mar 16) -- Hong Kong-listed Skyworth Digital Holdings said Friday Chinese internet search major Baidu plans to invest 1.01 billion yuan ($159.70 million) in its smart TV and smart consumer electronics hardware unit - Coocaa.

While 13.43 million yuan will be contributed towards the registered capital of Coocaa, remaining portion will be allocated to its capital reserve, Skyworth Digital said in an exchange filing.

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