Baidu launches $200m VC fund to invest in AR, VR
Chinese search engine Baidu has launched a $200 million venture fund that will focus on next-generation technologies, such as augmented reality (AR) and virtual reality (VR).
The fund will be managed by Baidu Ventures, an independent entity set up by Baidu. Separate from the company's existing investment team, the new VC firm can "use an innovative evaluation mechanism to speed...
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