Baidu invests RMB 1.1 billion into smart TV which will integrate DuerOS · TechNode
Summary
Coocaa (), the Smart TV Unit of Shenzhen-based consumer electronics manufacturer Skyworth, has inked a deal with Baidu which will invest RMB 1.1 billion into the company, The Paper reports.This isnt the first tech giant that has invested in Coocaa. Baidu is now the second largest shareholder in Coocaa after Skyworth RGB Electronics which still owns a 64.32% stake. Its biggest competitor is Leshis (former LeEco) smart TV unit.On the same day, Baidu also announced a partnership with Skyworth. The two companies will also work to launch an entry-level intelligent speaker which will serve as a control terminal for smart home functions.During the deal announcement, Baidus CEO Robin Li said that TV screens will have a very large space for innovation in the future. Recently, Baidus DuerOS has made several notable deals in the smart home area with Haier, Midea, TCL and Xgimi.