Mobile video service Rounds raises $12 million, giving it a bit more ammunition to compete in the messaging app world.
Investment in the Chinese tech giant failed to materialize after Xiaomi backed out due to concerns over a potential political fallout, Reuters reported.
As part of their deal, the China-based search engine will also integrate the car-ride service into its mapping and mobile search apps. The amount of the investment was not disclosed.
The agency is expected to announce on Monday a plan to boost spending on broadband funding for schools and libraries by 62 percent.
The chipmaker's investment arm expects to invest about $355 million altogether this year.
The Chinese company hopes its successful smartphone strategy will translate to the television industry.
As the Internet giant decides what to do with its Alibaba windfall, an investment into the disappearing-message app may be on the horizon.
Samsung is expanding its manufacturing operations in Vietnam, with a massive complex that will reportedly focus on televisions.
Despite a rocky start in mobile, the chipmaker forged ahead with its second major mobile partnership in China this year.
With 4K video and cloud computing on the rise, the Chinese company argues that fixed broadband must improve.