Baidu’s Fintech Spin-Off Du Xiaoman Gets $2.89B Credit Line From Bank Of Tianjin

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Du Xiaoman Financial, a financial services spin-off of Chinese search giant Baidu, has sealed a strategic partnership with China’s Bank of Tianjin to obtain an RMB20 billion (US$2.89 billion) line of credit, said Du Xiaoman in a statement released on its WeChat account on December 19.

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