The Baidu Fund Partnership will be capitalised by China Life through a special partnership.
BEIJING: China Life Insurance Group Co and Baidu Inc will form a 7bil yuan (RM4.28bil) private equity fund, targeting Internet and other technology investments, China Life's listed arm said on Thursday.
The Baidu Fund Partnership will be capitalised by China Life through a special partnership, which will contribute up to 5.6bil yuan (RM3.59bil), China Life Insurance Co Ltd said in a Hong Kong Stock Exchange statement.
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