Caixin OnlineFinance & EconomicsTop Stories Finance Baidu Raises Eyebrows by Promising High Yield on New Investment Product
10.23.2013 16:28

Baidu Raises Eyebrows by Promising High Yield on New Investment Product

Search engine company pledges 8 percent return, but then deletes the weibo post that made the guarantee
By staff reporter Liu Zhuozhe

(Beijing) – Baidu, China's version of Google, is in the spotlight over exceptionally high returns it promised for an investment product the company plans to unveil.

The search engine firm said on October 21 on weibo, the country's Twitter-like microblog service, that it will introduce a wealth management service on its website on October 28 in cooperation with China AMC, the largest public fund management company in China.

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