Baidu, China Life To Jointly Launch $2.12 Billion Fund To Back Internet And AI Companies

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China’s Baidu Inc has teamed up with China Life Insurance Co., Ltd. to jointly launch a RMB14 billion (US$2.12 billion) investment fund to back companies in the mobile Internet, artificial intelligence, fintech and other advanced technology sectors.

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1 COMMENT

  1. Koha VR is a startup seeking funding for an ambitious ethnological AR/VR production covering the 14 occupied Cook Islands in the South Pacific. This may seem odd for a startup but the commercial potential for either physical tourism or virtual tourism is greatly expanded if the coverage of the declining indigenous POLYNESIAN POPULATION of the Cook Group becomes a model for covering the 50+ Indigenous Populations of the PRC. The touristic spin off is practical and commercial. The entire proposal has beern submitted to VRVCA but there aree better opportunities on your site. For the Powerpoint deck please reply to my email.

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