China: AI-focused Baidu Ventures reaches first close of second RMB fund at $317m

China: AI-focused Baidu Ventures reaches first close of second RMB fund at $317m

REUTERS/Kim Kyung-Hoon

Artificial Intelligence-focused Baidu Ventures (BV), a unit of Chinese internet search firm Baidu Inc, has reached the first close of its second RMB fund at $317 million, said a CMN report quoting a WeChat post by the company.

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