Baidu co-leads $150m round of Bain-owned Chinese auto financing firm Lionbridge

Baidu co-leads $150m round of Bain-owned Chinese auto financing firm Lionbridge

Wang Jing. Photographer: Qilai Shen/Bloomberg

Chinese auto-financing firm Lionbridge has secured an RMB1 billion ($150 million) round of funding co-led by internet giant Baidu Inc and Riverhead Capital Investment, the investment arm of Sunshine Insurance Group, it said in an announcement dated July 11.

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