BEIJING, Aug.9 (Xinhua) -- China's tech giant Baidu has poured cash into Hong Kong-listed company China Youzan limited, the country's leading e-commerce service provider, as part of efforts to further promote the development of its mini-program ecosystem, the Xinhua-run Shanghai Securities News reported on Thursday.
Youzhan said in a statement that it will become an important strategic partner of Baidu's smart mini-program.
Up to date, Baidu applet boasts as much as 270 million monthly active users and more than 150,000 mini-programs have settled in the search applet.
Youzan went public in Hong Kong in April last year and now serves over 442,000 merchants from the retail, catering, beauty, education and hospitality industries.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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