Baidu announced a strategic partnership with Skyworth today in Beijing to develop a fully-integrated in-home ecosystem powered by AI.
Skyworth will be integrated with DuerOS, a conversational AI system by Baidu, as part of a strategic cooperation to use technology, content, data and operations together to create a revolutionary new smart home experience.
Baidu also announced will invest CNY1.05 billion into a Skyworth RGB Electronics’ subsidiariy Coocaa which is one of the largest smart TV OTT platforms in China.
Tencent invested CNY300 million into Coocaa in exchange for a 7.7% stake in July 2017.
iQiyi, another Baidu’s sub company invested CNY150 million in September 2017.
Skyworth is still owns a 64.32% stake after the deal.