Former Baidu Senior Vice President Xiang Hailong Sets Up New Fund With RMB200M

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The Longzhong Xinyi Fund, founded by former Baidu senior vice president Xiang Hailong, has raised an initial RMB200 million first phase fund. No disclosure about the limited partners of the fund were disclosed, and Xiang is to raise the second phase fund in the second half of 2020, according to Chinese media reports.

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