China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance

Article 0 Comments 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 looks to deepen its push into financial services. The investment will give Baidu […]

Chinese Tech Giant Baidu to Test Self-Driving Cars in Beijing

Article 0 Comments China’s capital city has given the green light to tech giant Baidu Inc to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous vehicles. Beijing has given Baidu, best known as China’s version […]