Economics

Baidu Joins With Coatue, KKR In Uxin Funding

Baidu joins with Coatue, KKR in Uxin funding

The leading Chinese search engine Baidu Inc has entered the country’s burgeoning car market with a joint investment in an online secondhand car trading platform. Baidu, US-based private equity firm KKR & Co LP and Coatue Management Ltd, a US-based hedge fund, have jointly invested $170 million in China’s largest online used car auction company Uxin…