Tuesday, January 19, 2021
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Tag: Baidu

China Construction Bank Enters Cooperative Agreement with Baidu to Leverage Artificial Intelligence Capabilities

Big state-owned lender China Construction Bank (CCB) and tech giant Baidu have executed a strategic cooperative agreement that focuses on the application...

Baidu Teams up with CITIC aiBank to Launch Baidu Flash Payments “Card”

Chinese search giant Baidu has teamed up with direct lender CITIC aiBank to launch a new "non-physical" card for flash payments.

Private Lender CITIC aiBank Grabs Approval for Investment from Canadian Pension Fund

Baidu-backed private digital lender CITIC aiBank (百信银行) has just obtained approval for an increase in its registered capital from China's top banking...

Baidu’s First Quarter Revenues Decline 7% YoY, Core EBITDA up 38%

Tech giant Baidu saw a sizeable decline in total revenues in the first quarter of 2020, as China's economy grappled with the...

Baidu Cloud and Du Xiaoman Financial Enter Cooperative Agreement with Yillion Bank

Tech giant Baidu is teaming up with north-eastern online lender Yillion Bank to explore new models for internet finance.

Baidu Plans to Make Strategic Investment in Yusys Technologies

Baidu plans to obtain a sizeable stake in Shanghai-listed fintech firm Yusys Technologies(宇信科技). Baidu...

Baidu and Sina Step up Investment in China’s Consumer Finance Sector

Tech giants Baidu and Sina have both recently adopted measures to shore up their presence in China's consumer finance sector.

Baidu, Ant Financial and Tencent Discuss the Tao of the Blockchain at Industry Summit

Representatives from three of China's leading tech giants have gathered together at a domestic industry forum to discuss the potential of blockchain...

Tencent Leads Chinese Tech Giants in Online Banking

Tencent has emerged as the leading player amongst China's online tech giants when it comes to lending operations via online direct banks.

Baidu Establishes Blockchain R&D Vehicle

Chinese internet giant Baidu has established its own research and development company to specialise in blockchain technology. Baidu subsidiary Beijing Dinglu Zhongyuan Technology Co., Ltd....

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...