Baidu to invest in cloud

China's largest search engine Baidu Inc will invest more than 10 billion yuan ($1.6 billion) to set up its cloud computing center, Baidu's Chief Financial Officer Jennifer Li said Monday.

Baidu, which unveiled its mobile Internet browser at its annual conference in Beijing, is pushing deep into cloud computing as the heart of its mobile strategy in order to capitalize on the booming sector. Cloud computing means data storage and processing done on the Web.