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China’s Baidu in Talks to Raise $2 Billion for Biotech Venture

By Juro Osawa
· · Source: Reuters

Chinese search provider Baidu is in talks with investors to raise as much as $2 billion for a biotechnology venture it plans to back, Reuters reported. Baidu founder Robin Li has been involved in the project, but the company is unlikely to own a controlling stake in the venture, Reuters said. Instead, Baidu is trying to find other investors to help fund the business. The venture, whose name...

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