China's Baidu to Sell Majority of Financial Services Unit for $1.9 Billion

By REUTERS
NYT
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 financia...
Published date: April 30, 2018 at 01:22PM
Reuters
New York Times article