Baidu Raises Eyebrows by Promising High Yield on New Investment Product

(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.