Baidu banks on strategic partnership

China's major internet search engine Baidu Inc announced a strategic partnership with Agricultural Bank of China Ltd on Tuesday, to build intelligent bank that uses big data, artificial intelligence and cloud computing.

The partners said the two sides would cooperate on financial products, build a fintech laboratory, and conduct in-depth research into the intelligent financial sector.

They added they would work together in the fields of financial technology, customer profiling, evaluation of customer credit, risk monitoring, and intelligent equity financing and investment services.