Recently, the Chinese Saas Service provider Youzan.com released information saying that the Chinese internet conglomerate Baidu Inc. invested 300 million dollar in the company.
In the future, Baidu would support Youzan from a strategic level, including financially and resource-wise.
Youzan has serviced over 4.42 million vendors, including retail, beauty industry, education, hotel and tourism etc.
It has built an online shopping platform rooted in wechat, and based on social media account, micro app and wechat chatting groups, Youzan has helped to operate online traffic for its clients. (Source：qq.com)