Ex-Baidu senior VP closes debut angel fund at $29m

Ex-Baidu senior VP closes debut angel fund at $29m

REUTERS/Barry Huang/File Photo

Longzhong Xinyi Fund, a venture capital firm created by former Baidu senior vice president Xiang Hailong, has raised 200 million yuan ($29 million) for the debut RMB-denominated fund, roughly seven months after his departure from the Chinese internet search giant last May.

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