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October 12, 2016 05:37 pm GMT
Baidu, the China-based search engine giant, said earlier today on its official WeChat account that it has established a 20 billion yuan ($3 billion) investment fundthat the company will use to fundmid- and late-stage deals in the internet sector, with check sizesranging from $50 million to $100 million.Reuters, which first reported the news, notes the move looks like an attempt to… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HTIFIigKuc4/
Baidu just set up a $3 billion fund to back maturing startups
Baidu, the China-based search engine giant, said earlier today on its official WeChat account that it has established a 20 billion yuan ($3 billion) investment fundthat the company will use to fundmid- and late-stage deals in the internet sector, with check sizesranging from $50 million to $100 million.Reuters, which first reported the news, notes the move looks like an attempt to… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/HTIFIigKuc4/
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