Du Xiaoman Financial, Baidu's new financial services arm that uses AI to provide short-term loans and investment services, raises $1.9B led by TPG and Carlyle (Bloomberg)

Bloomberg:
Du Xiaoman Financial, Baidu's new financial services arm that uses AI to provide short-term loans and investment services, raises $1.9B led by TPG and Carlyle  —  SVP Zhu Guang will run newly spun-off finance division  —  New fintech company will be one of China's best-funded

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