Citic, Baidu fintech JV targets raising as much as $1B [Seeking Alpha]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
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Citic, Baidu fintech JV targets raising as much as $1B - Baidu, Inc. (NASDAQ:BIDU) | Seeking Alpha Financials | Tech Citic, Baidu fintech JV targets raising as much as $1B May 22, 2019 1:45 PM ET Baidu, Inc. (BIDU) Liz Kiesche A fintech joint venture between China CITIC Bank ( OTCPK:CHCJY -2.5% to raise The JV, a digital bank called aiBank, wants to complete the financing in the coming months. aiBank was set up in 2015 and provides personal loans of as much as CNY 300,000 without requiring collateral, its website says. Traditional lenders in China have been cutting staff and consolidating branch networks as they face competition from online payment giants such as Alibaba Group affiliate Ant Financial and Tencent Holdings. Click to subscribe to real-time analytics on BIDU Now read: Negative Value In The Current Commitments Of Traders Report » Subscribe
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BIDU
News
- Baidu, Inc. (NASDAQ: BIDU) had its price target lowered by analysts at HSBC Holdings plc from $157.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
- Baidu Inc. (BIDU) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Is It Worth Investing in Baidu Inc. (BIDU) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Baidu Launches Second ERNIE Cup, A Global Innovation Challenge to Discover the Next Big AI-Native Applications [Yahoo! Finance]Yahoo! Finance
- Baidu Launches Second ERNIE Cup, A Global Innovation Challenge to Discover the Next Big AI-Native ApplicationsPR Newswire
BIDU
Earnings
- 2/28/24 - Beat
BIDU
Sec Filings
- 4/12/24 - Form 6-K
- 4/2/24 - Form 144
- 3/18/24 - Form 6-K
- BIDU's page on the SEC website