China: IFC might lend $75m to Baidu's micro-loan arm

China: IFC might lend $75m to Baidu's micro-loan arm

Photo from Bloomberg

Chongqing Baidu Micro-Loan Company Ltd., the financial lending arm of China’s largest internet search service, might raise RMB500 million ($75 million) from International Finance Corp., the private lending arm of the World Bank.

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