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Baidu announces smart home partnership, planned senior note offering

Published 03/16/2018, 04:53 PM
© Reuters.  Baidu announces smart home partnership, planned senior note offering
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  • Baidu (NASDAQ:BIDU) announces a strategic partnership with Skyworth (OTC:SWDHF) to develop an AI-powered smart home ecosystem.
  • The investment in Skyworth’s Coocaa smart TV brand reported earlier today was part of this partnership.
  • Baidu also announces a proposed senior note offering and will use the net proceeds to repay existing debt and for general corporate purposes.
  • Previously: Baidu invests $160M for stake in smart TV unit (March 16)
  • Now read: Build Your Crypto Portfolio Using Iconomi DAA Insights


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