IDG-Accel, the China-based joint venture between US publisher International Data Group and venture capital firm Accel Partners, and Qiming Ventures, a local VC firm, have invested $50m.

Baidu, China’s most used search engine, has spun off a minority stake in its online retailer Youa to two venture investors.

IDG-Accel, the China-based joint venture between US publisher International Data Group and venture capital firm Accel Partners, and Qiming Ventures, a local VC firm, have invested $50m in Youa.

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