Former Baidu Investment Head-Led Xianghe Capital Gets $378M For Second Fund

Xianghe Capital, a principal investment firm founded by the former head of Baidu’s merger and acquisition (M&A) department, has reached the first closing of its second venture capital fund, "Xiang He Fund II," at US$378.4 million, according to a recent regulatory filing. The new fund, which aims to raise a total of US$425 million, secured […]

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