Is Du Xiaoman a product of Baidu?

On April 28th, 20 18, Baidu announced that its financial services business group had officially completed the signing of the split financing agreement. After the split, the new company will launch a brand new brand "Du Xiaoman" to achieve independent operation.

Zhu Guang, senior vice president of Baidu and general manager of financial services group, will be the CEO of Xiaoman Finance.

Xiaoman Finance's financing amount in this round exceeded 654.38+0.9 billion USD, which was led by TPG and Carlyle Investment Group, followed by Taikang Group and Agricultural Bank of China International. After financing, Xiaoman Finance will continue to increase technical investment, open more platforms and technical capabilities, and increase financial ecological construction.

Precautions:

"Under Baidu's artificial intelligence ecological strategy, I am very happy to see that the financial industry is the first to graduate. Li Yanhong, chairman and CEO of Baidu, said: "This is another milestone of Baidu's artificial intelligence ecosystem after the listing of iQiyi.

In the era of innovation, the financial business has continuously broken through and grown into a unicorn in this field. Baidu's AI capabilities deepen financial scenarios, technologies and models and feed them back to the ecosystem, which is a strong strategic synergy between Baidu's AI ecosystem and new business. "