PAG Joins Baidu, Tencent And JD.Com In $200M Bitauto Investment Deal
June 7, 2016
Published by Jillian Yue in China News
Baidu, Inc., Tencent Holdings Ltd. and JD.com, Inc. have agreed to invest US$50 million in Bitauto Holdings Ltd, an Internet content and marketing services for China's fast-growing automotive industry, according to an announcement. At the same time, Bitauto has agreed to issue convertible bonds to Asian private equity firm PAG worth as much as US$150 […]
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