Baidu's xiaodu closes series b at $5.1 billion valuation

Beijing, aug. 24, 2021 /prnewswire/ -- baidu, inc. ("baidu" or the "company"), a leading ai company with strong internet foundation, today announced that xiaodu technology ("xiaodu") has closed series b financing at a $5.1 billion post-money valuation ("transaction"). "we are pleased to see the rapid growth of xiaodu, leveraging baidu's ai and large content and services mobile ecosystem, to change the way hardware provides value for consumers.
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