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Baidu Inc has invested 1.01 billion yuan (9.7 million) in Coocaa, a smart television unit owned by consumer electronics producer Skyworth Digital Holdings Ltd, as part of the search giant's wider push into the smart hardware sector.

Bach, on his first trip to Tokyo since the Games were postponed in March, is hoping to convince athletes, Japanese citizens and Olympics sponsors the Games can be held safely next year.

Background:?Amazon and Microsoft are the last contenders for the billion, 10-year contract to migrate the Pentagon’s data to the cloud. The project — known as Joint Enterprise Defense Infrastructure (JEDI) — is a massive overhaul of the Defense Department’s technology infrastructure that will allow different branches of the military share sensitive information in the cloud and incorporate artificial intelligence technology. The Pentagon was expected to announce a winner this summer but the timeline is delayed following new inquiries into Amazon’s role in the procurement process.

Bankers have high hopes for the development of technologies and firmly believe that challenges and opportunities can coexist in the future, said Richard Zhu, finance services leader at PwC China.

Baillie Gifford launched its first China Fund in 2008. It now invests in more than 100 companies based in the Chinese mainland, with assets under management, or AUM, valued at more than billion, or 17 percent of Baillie Gifford's total AUM. Well-known investment targets include Alibaba, Tencent, Meituan and NIO.