China's Baidu sets up $3b internet investment fund in bid to future-proof its business

China's Baidu sets up $3b internet investment fund in bid to future-proof its business

Visual from Baidu's website.

China’s Baidu Inc said on Wednesday it has established a 20 billion yuan ($3 billion) investment fund, Baidu Capital, as the country’s dominant search engine seeks a way to remain relevant in the smartphone era and beyond.

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