China Life and Baidu Form PE Tech Fund

Posted on 08/28/2017

China Life Insurance Group Company (China Life) is forming a private equity fund with search giant Baidu Inc. The fund is being called the Baidu Fund Partnership and will have initial capital of 7 billion RMB (US$ 1 billion). China Life is committing up to 5.6 billion RMB in the fund, while Baidu is committing […]