China's Baidu cancels $3.6 bn purchase of livestreaming site

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Baidu said it had not yet received government approval for the purchase of YY Live. Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval. Baidu, the country's top search engine company, agreed ...