Baidu Cuts a Strategic Deal with NetEase Music
On October 12, Baidu (BIDU) made a strategic investment in NetEase Cloud Music, a unit of NetEase (NTES) and one of the leading streaming music services in China. The investment opens the way for Baidu to become NetEase Cloud Music’s strategic partner. In that position, Baidu plans to work closely with NetEase Cloud Music in areas such as copyright, content, and traffic sharing.