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Baidu Invests in US Fintech Startup ZestFinance

Jul 18, 2016 12:28 PM EDT

Baidu said on Monday that it has made an investment in US fintech startup company ZestFinance, marking its second investment in a US-based fintech startup company within a month.

China Looks to Startups to Power Economy from Slowdown

Kwao Peppeh |

Jun 17, 2015 06:31 AM EDT

China's State Council has issued a set of guidelines aimed at promoting startups as a way to combat the effects of the economic slowdown. The measures, which were announced on Tuesday, June 16, essentially eliminate bureaucratic restrictions on startups and seek to create a social ecosystem that supports mass entrepreneurship and innovation, particularly for high-tech and internet-based companies.