Following Alibaba, Tencent's footsteps China's Baidu, CITIC in JV for Internet bank

Following Alibaba, Tencent's footsteps China's Baidu, CITIC in JV for Internet bank

Women walk past the logo of the 2015 Baidu World Conference in Beijing, China, September 8, 2015. REUTERS/Kim Kyung-Hoon

Chinese Internet search giant Baidu Inc and China CITIC Bank Corp will set up an Internet banking joint venture, the 21st Century Business Herald reported on Tuesday, following in the footsteps of other domestic tech firms.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter