April 30 - 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.
IntereXchainZ will effectively be the next phase of research building on the successful InterChainZ which demonstrated how distributed ledger technology could be
used in financial services businesses, including insurance, credit referencing, and corporate & personal identity validation.
China's Baidu Inc said it will sell a majority
stake in its financial services business for about $ 1.9 billion (1.4 billion pounds) to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push into financial services.
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 [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.