China's Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.
from Gadgets Now https://ift.tt/2Fs4HLU
China's Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.
Baidu to sell majority of financial services unit for $1.9 billion
Related Posts:
Apple says 'Fortnite' maker wanted 'side letter' to create own game store- After JEDI win, Microsoft pushes Cloud package outside US: Report
- WordPress Founder slams Apple for cutting off updates
- TikTok to challenge US order banning transactions with the video app: Sources
- Facebook weighs 'kill switch' for political ads after US election to curb misinformation, source says
0 comments:
Post a Comment