Baidu Inc. has agreed to invest RMB1.01 billion (US$159.6 million) in Coocaa, a smart TV unit owned by consumer electronics producer Hong Kong Skyworth Digital Holdings, according to Skyworth’s security filing. The investment is part of Baidu’s wider push into smart hardware. Last week, the tech giant announced plans to integrate three departments into one called the Smart Living Group (SLG) to consolidate and streamline its businesses in the smart hardware sector. The SLG includes Baidu’s conversation-based artificial intelligence (AI) platform …

Baidu Expands Smart Hardware Unit With $160M Skyworth TV Acquisition appeared first on China Money Network.