Month: April 2018

Baidu brings group of PE firms into its financial services business via $1.9B investment – TechCrunch

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