China’s Baidu Ventures raises $400m for third fund, to bet on new technologies

China’s Baidu Ventures raises $400m for third fund, to bet on new technologies

REUTERS/Aly Song/File Photo

Baidu Ventures (BV), the investment arm of Chinese search engine giant Baidu, announced on Friday that it has raised $400 million for its third fund, in a bid to bet on the new technology industry.