Chinese search engine Baidu has entered the financial revolution that is FinTech for the first time with an investment in an American Blockchain company.
Circle Internet Financial Inc. was founded in 2013 by Jeremy Allaire and Sean Neville in Boston, Massachusetts and has an international operations headquarters in Dublin, Ireland.
The Bitcoin startup announced it had raised $60 million in funding from a consortium which was led by IDG, an American based media, data and marketing services and venture capital organization.
Participants included Baidu, Breyer Capital, General Catalyst Partners, CICC Alpha, China Everbright Investment and Assets Management, IBM's former chairman and CEO Sam Palmisano, and Silver Lake's co-founder Glenn Hutchins.
Peter Fang, executive director of Baidu corporate development, says:
http://cointelegraph.com/news/chinas-baidu-enters-fintech-invests-in-american-blockchain-company
