1. LINE

      Text:AAAPrint
      Economy

      Baidu buys into credit rating firm

      1
      2016-07-19 08:22China Daily Editor: Gu Liping

      Search engine giant hopes the move will spur its development in internet finance

      Baidu Inc has invested in a US financial technology company to transform its massive search data into credit scores, a move to fuel its development in internet finance where the Chinese online search giant trails behind its rivals Tencent Holdings Ltd and Alibaba Group Holding Ltd.

      Los Angeles-based ZestFinance Inc, which uses machine learning to transform vast amounts of complex data into credit scores, said on Monday that it had received a strategic investment from Beijing-based Baidu. Baidu did not disclose the details of the investment.

      According to a statement from ZestFinance, the two will work together to apply ZestFinance's underwriting technology to Baidu's search, location, and payment data in order to improve credit-scoring decisions in China.

      By investing in one of the fastest-growing financial technologies in the United States, Baidu is looking to build a credit score system that can be equivalent to Alibaba's Sesame Credit Management and Tencent Credit Reporting Co, said analysts.

      Li Chao, an analyst with the Beijing-based iResearch Consulting Group, said Baidu is keen to catch up in internet finance services as both of its rivals-Tencent and Alibaba-have gained private banking licenses and licenses to provide consumer credit information services.

      "Search data are the most precious asset Baidu has. Through cutting-edge technology, the machines may be able to find the connection between people's search requests and their credit," he said.

      Baidu doesn't have a license to provide consumer credit information services, but it can still provide such credit rating to third-party financial service providers or use it in providing small loans itself, which is seen as a new way for Baidu to monetize its search data.

      The Nasdaq-listed Baidu said in an e-mail to China Daily that it is uniquely positioned to play a transformative role in the internet finance sector. "For example, we can use big data to quickly evaluate credit risk and provide more accurate user profiling, and have begun working with hundreds of educational institutions to provide credit loans to their students," it said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 美女被免费网站91色| 亚洲天然素人无码专区| 青青青国产在线观看免费| 全免费毛片在线播放| 亚洲麻豆精品果冻传媒| 最近免费中文字幕高清大全| 好大好深好猛好爽视频免费| 亚洲国产专区一区| 亚洲精品国产肉丝袜久久| 亚洲Av永久无码精品一区二区| 九九九精品成人免费视频| 国产亚洲精aa在线看| 免费被黄网站在观看| 婷婷亚洲久悠悠色悠在线播放| 青柠影视在线观看免费| 亚洲高清视频在线观看| 91久久成人免费| 亚洲精品无码高潮喷水A片软| 久久久免费的精品| 免费a级毛片大学生免费观看| 永久免费观看黄网站| 亚洲香蕉网久久综合影视| 亚洲成a∧人片在线观看无码| 精品无码人妻一区二区免费蜜桃| 亚洲高清无在码在线无弹窗| 97在线观免费视频观看| 国产亚洲精品美女久久久久| 国产成人午夜精品免费视频| 久久亚洲精品成人无码| 亚洲熟妇中文字幕五十中出| 91制片厂制作传媒免费版樱花| 亚洲最大av资源站无码av网址| 亚洲成a人在线看天堂无码| 亚洲影院天堂中文av色| 亚洲午夜电影在线观看| 三上悠亚在线观看免费| 亚洲视频.com| 午夜爽爽爽男女免费观看影院| 亚洲人成7777影视在线观看| 亚洲AV中文无码乱人伦| 亚洲视频在线免费观看|