China Life Insurance Group partners Baidu to launch $1b internet fund

China Life Insurance Group partners Baidu to launch $1b internet fund

A man uses a computer inside an Internet cafe in Shanghai in this January 5, 2009 file photo. REUTERS/Aly Song/Files

China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life’s listed arm said on Thursday.

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