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Baidu Teams Up With Auto-Related Firms in Move Beyond Search $QQQ

WSJ.com

BEIJING—Chinese internet giant Baidu Inc. is shoring up its auto ecosystem, as it continues to develop a driverless car and looks to ramp up investment in areas outside of its core search business.

This week, Baidu announced a joint venture with a subsidiary of China Pacific Insurance (Group) Co. to form an online auto-insurance company with a registered capital of 2 billion yuan ($305 million), and a $50 million investment in…

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