Summary:

Baidu (NSDQ: BIDU), the top Chinese search player, has taken a $15 million, 8.3 percent stake in UiTV, a Chinese online TV firm. The strateg…

Baidu (NSDQ: BIDU), the top Chinese search player, has taken a $15 million, 8.3 percent stake in UiTV, a Chinese online TV firm. The strategic investment calls for UiTV to host Baidu’s film and movie channel, hosted at movie.baidu.com — the company claims it has the largest legal collection of downloadable movies and TV shows in the country. UiTV’s strategy is to sign content licensing deals and to provide a platform, allowing other companies to immediately offer a full-fledged online video content service. It was founded in 2003. Release.

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