Baidu's voice assistant and smart device business is valued at $2.9 billion after cash injection

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Baidu's voice assistant and smart devices division is seen as key to its long-term growth as it faces stiff competition in its core business.

Chinese internet giant Baidu has raised an undisclosed sum of money for its business division focused on voice assistants and smart devices.

A security personnel stands guard at the opening session of Baidu's annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019.has raised an undisclosed sum of money for its business division focused on voice assistants and smart devices. But DuerOS is also an open platform, meaning other hardware makers can also install it on their devices.

Over the past couple of years, Baidu has faced rising competition in search as Chinese internet users continue to move away from web browsers to so-called "super apps" likeBaidu has its own super app called the Baidu App which continues to grow. Daily active users reached 204 million in June.

 

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