After Circle, China’s Baidu Invests in US Fintech Company Again
The Chinese search engine Baidu could be moving towards resuming a strategy that will sooner or later lead it to start accepting Bitcoins - again. The company is continuing with its growing interest in FinTech in a cross-connection manner between the Asian giant and the leading global market in the US by investing in a second U.S. fintech company in a month. Baidu recently invested in a US blockchain company, Circle Internet Financial Inc., after the Bitcoin startup announced it had raised $60 million in funding from a consortium which was led by IDG, an American based media, data and....
Related News
Chinese search engine Baidu has entered the financial revolution that is FinTech for the first time with an investment in an American Blockchain company. Circle Internet Financial Inc. was founded in 2013 by Jeremy Allaire and Sean Neville in Boston, Massachusetts and has an international operations headquarters in Dublin, Ireland. The Bitcoin startup announced it had raised $60 million in funding from a consortium which was led by IDG, an American based media, data and marketing services and venture capital organization. Participants included Baidu, Breyer Capital, General Catalyst....
Baidu, China’s largest search engine and web services company, has recently halted all Bitcoin and cryptocurrency-related advertising on its network. CnLedger, a Chinese media network which recently received a grant from the National Natural Science Foundation of China earlier this week, broke the news on August 25, 2016. While many Bitcoin online forums and communities somewhat expected a government pressured company like Baidu to set a negative precedent for Bitcoin and cryptocurrencies, the announcement of Baidu is quite ironic considering the fact that the internet giant invested in....
“Bitcoin bank” Circle is betting big on China. The company has announced that it raised $60 million in a new Series D funding round led by Beijing-based investment firm IDG Capital, an existing Circle investor. The company also announced the opening of its Chinese subsidiary Circle China, which had been separately funded earlier. Participants in the new Circle funding round include global venture capital and private equity firm, Breyer Capital, General Catalyst Partners and a group of Chinese firms including; Baidu, China International Capital Corporation ALPHA, China Everbright Limited,....
Circle China to start operations in the Chinese market after raising over $60 million in investments from a group of leading investment firms in the region. Circle, the blockchain based payments company, is now eyeing China. The US company, which had recently partnered with the United Kingdom-based banking major Barclays, today announced that it has raised over $60 million in funding as part of the strategic investment to create ‘Circle China’, its new regional identity. The investment round was led by Breyer Capital, with additional support from regional search engine giant Baidu, IDG....
China’s most popular search engine, Baidu, froze bitcoin ads Thursday in what Bloomberg suggests is a “growing wariness” on behalf of business and government. Baidu Mimicking Official Sentiment? Baidu has declined to comment on the move, but the ban has been confirmed by both Huobi and Okcoin, local Chinese exchanges. Since Thursday, speculation has....