What Does Baidu Hope to Achieve in Selling Fintech Unit?

Posted on 05/02/2018

This is one of the largest private equity deals in China. Baidu Inc. sold a majority stake in its wholly-owned financial services arm for roughly US$ 1.9 billion to a consortium of investors led by private equity firms TPG Capital Management and Carlyle Group, with participation from Taikang Life Insurance Company Limited and ABC International […]

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