What the Sale of Baidu’s Banking Unit for $1.9B Says About the Future of Payments
Like everything in China, the purchase of Baidu's financial services unit by TPG Capital Management LP and Carlyle Group LP ...
Tag: Baidu
China’s Tremendous E-Commerce Growth Leads to Spike in Mobile Payments
It’s no secret that China's e-commerce scene is huge and growing, with players like Baidu, Alibaba and Tencent. By extension, ...
Chinese Search Engine Baidu Seeks to Raise $2B For Financial Services
Chinese company Baidu is in talks with prospective investors for the purpose of raising $2 billion in funding focused on ...
Tides Turn Toward Insurtech in China
China Life Insurance and Ping An Insurance, the two largest players in the Chinese insurance market, have announced long-term investment ...
Baidu, China Citic Online Bank Approved
China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The ...
Blockchain, Bitcoin Venture Funding Set to Drop for First Time
Financing for blockchain and bitcoin startups slid 16% in the first nine months of 2016 to $429 million, putting the ...
Is Fintech in China Red Hot or Cooling?
It would seem that numbers are making Shanghai the new world capital of fintech. One number is 1.3 billion, which is the population of ...
The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank
SEOUL -- Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank ...
