bill - 1:06 am on Jun 16, 2004 (gmt 0)

Some more details of this investment are leaking out slowly. Here's another article [siliconvalley.com].

Google's investment in Baidu does not include management, Li said. ``Google is a strategic investor. We don't have cooperation in operations at this stage,'' he said. ``We keep our independence in management. Google does not have a seat on our board.''

An interesting point:

Li denied that the fund-raising had brought in $10 million, as reported, but refused to give a figure.