Baidu independent online video company was named Qi Yi and get online in March

It is learned that when Qi Yi officially gets online, it will take www.qiyi.com domain name. Official logo includes Chinese-language brand name and English domain names. Qi Yi’s CEO Gong Yu said the video platform primarily provides the long videos like movies and television and with a model of high definition and copyrighted contents,and will consider to be listed in stock market in the future independently.

Recently there have been news Baidu video has recruited from other online video companies some technical staff, sales and marketing personnel. At the same time it had settled down with some of the copyrights side of the film purchase agreement, about to sign the contract. According to Baidu video company personnel earlier that staff size would reach 350 by the end of 2010 .

It is reported that Baidu Baidu’s video website is a joint venture with Providence, a U.S. investors, while Baidu is in holding, and the newly appointed CEO Gong Yu shares.

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