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Baidu announced USD 3 bln internet investment fund

2016-10-12 10:35:00| Telecompaper Headlines

(Telecompaper) Baidu has set up a new CNY 20 billion (USD 3 billion) internet investment fund, Reuters reported, citing a company statement on its official WeChat mobile messaging account. The Baidu Capital fund will make sure the company remains relevant in the smartphone era and beyond.

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