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

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.

China Money Network

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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.

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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