Baidu and China Citic Bank-owned AIBank is looking to raise up to $1bn in the coming months, adding to the $576m in capital provided by the corporates so far.

AIBank, a China-based online lender set up by internet group Baidu and financial services firm China Citic Bank, is seeking up to RMB7bn ($1bn) in funding, people familiar with the matter told Bloomberg yesterday. The company is aiming to secure the capital within the next few months, though discussions are ongoing and details may change,…

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