Baidu has turned to the financial industry to bolster its consumer finance business. The Chinese search giant confirmed that it has sold a majority share in its Financial Services Group (FSG) business to a consortium of private equity firms in a deal worth $1.9 billion. The business is in the consumer finance space and its services include credit and wealth […]
View More Baidu brings group of PE firms into its financial services business via $1.9B investmentTag: asia
Y Combinator is going after Chinese startups with its first official event in China
High-profile U.S. startup accelerator Y Combinator is making a push to bring more China-based startups into its program after it announced its first official event in the country. YC has made a push to include startups from outside of North America in recent years. That has seen it bring in companies from the likes of […]
View More Y Combinator is going after Chinese startups with its first official event in China