Baidu steps up investment in mobile content with stake in NetEase music unit
(WorldNews China)

Baidu Inc. led an investment round in NetEase Cloud Music, China’s fourth-largest online music streaming app, as the search-engine operator continued acquiring mobile content to enrich its suite of services. The two companies will carry out in-depth cooperation in content, copyright and traffic sharing, according to the Beijing-based search giant founded by billionaire chairman Robin Li Yanhong. No investment details were disclosed in the statement. NetEase Cloud Music......