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November 21, 2012 01:11 pm GMT
Baidu, China's search behemoth, has announced that it is raising $1.5 billion in a two-part bond sale to write down debt and build up its warchest: Baidu remains the country's biggest search portal but has of late been feeling the heat of competion from domestic rivalQihoo 360, an antivirus software company that launched its own search engine in August.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/abjsIbIuAtM/
Chinas Google, Baidu, Raises $1.5B In Bond Sale To Pay Down Debt And Fund M&A
Baidu, China's search behemoth, has announced that it is raising $1.5 billion in a two-part bond sale to write down debt and build up its warchest: Baidu remains the country's biggest search portal but has of late been feeling the heat of competion from domestic rivalQihoo 360, an antivirus software company that launched its own search engine in August.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/abjsIbIuAtM/
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