Baidu's AI offshoot Xiaodu closes Series B+ round at post-money valuation of over $5b

Baidu's AI offshoot Xiaodu closes Series B+ round at post-money valuation of over $5b

Photographer: Bloomberg

Artificial Intelligence voice assistant firm Xiaodu has raised a Series B+ round from Mixed-ownership Reform Fund, a national fund that supports mixed-ownership reforms of state-owned enterprises (SOEs), the firm announced recently.  

Edited by: Joymitra Rai