Baidu is now the widescreen projector maker's largest external shareholder, having returned for a round that follows its initial investment last year.
China-based home entertainment technology manufacturer XGimi Technology raised more than RMB600m ($95m) from investors including internet group Baidu on Monday.
Matrix Partners China, Sichuan Culture Industry Equity Investment Fund, Sailing Capital, Bojiang Capital, Pan-Lin Asset Management, Luxin Venture Capital Group and Jirui Capital also participated in the round.
XGimi produces high-definition widescreen projectors that can project television programming on to a user’s walls, creating a display that is up to 300 inches in size. They can also connect to mobile…
