Tag: Baidu

Major Chinese Travel Agencies Agree to $5.9 Billion Share Swap

Shuang Shan Baidu Inc.—the majority shareholder of Qunar Cayman Island Ltd—agreed to swap shares worth nearly $5.9 billion with Ctrip.com International Ltd in exchange for a 25 percent stake in Ctrip.com. At the completion of the deal that was revealed...

/ October 28, 2015
Beijing taxi

Didi Kuaidi Raising $1.5 Billion to Retain Control of China’s Car Service Industry

By Lauren Dodillet Xiaoju Kuaizhi Inc.—also known as Didi Kuaidi, China’s largest taxi and ride-sharing company—is attempting to raise enough money to value the startup app at $45 billion. Back in April, Didi Kuaidi raised $600 million from US hedge...

/ June 18, 2015

Internet Finance in China: Will it Disrupt Traditional Banking?

By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e...

/ July 21, 2014