▼ Liu Wei New Baidu Venture Capital CEO Focus AI/VR/AR and other projects from Baidu VR On February 6th, Baidu announced that Liu Wei, a former partner of Lenovo Star, formally joined Baidu as a vice president and was appointed as the CEO of Baidu Ventures (Baidu Ventures) and was responsible for all tasks. Baidu Ventures CEO Liu Wei Founded in September last year, Baidu Venture Capital focuses on next-generation technology innovation projects such as artificial intelligence, AR, and VR, and focuses on early-stage venture capital funds. Li Yanhong, chairman and CEO of Baidu Group, has personally assumed the position of chairman of Baidu Venture Capital. Chairman of Investment Committee. The first-phase fund of Baidu Ventures has reached 200 million U.S. dollars. For joining Baidu, Liu Wei expressed that he hopes to take advantage of his experience in cutting-edge technology investment and his insight into the TMT industry to lead Baidu Venture Capital to become a world-class venture capital company focusing on the field of artificial intelligence and become Baidu in the era of artificial intelligence. High-tech companies with global influence contribute important forces. Liu Wei holds a master's degree in policy management from Cambridge University and a bachelor's degree in engineering from University of Electronic Science and Technology. Prior to joining Baidu, Liu Wei was a Lenovo Star Partner, responsible for TMT, investment in artificial intelligence and overseas investment work, and invested nearly one hundred items in angels. Since 2011, Liu Wei has systematically invested in artificial intelligence. In 6 years, he has invested more than 60 individual early-stage projects in the field of industrial intelligence in China and the United States, creating a portfolio with a total value of over 20 billion yuan. Face++, Sibi Chi, Good Dress, Airmap, Ding-eye Smart, Ablecloud, Oribo, and Job Boxes have become well-known companies in the field of artificial intelligence. In recent years, Liu Wei has been selected by the China Equity Investment Fund Association and various authoritative organizations as "Outstanding Young Investors in China's Equity Investment Industry in 2016", "Top Ten Chinese Angel Investors 2015", and "China 40 Under 40s" "Investors", "China's most active angel investors" and so on. Partners who joined Baidu Venture Capital with Liu Wei are Qi Yujie and Cai Wei. Qi Yujie is an old Baidu person and a successful entrepreneur. He used to be the co-founder and CEO of Duomei, and was successfully acquired by the blue cursor for US$289 million. Cai Wei holds an MBA degree from Columbia University Business School and an undergraduate degree from Tsinghua University. He used to be a Goldman Sachs executive director and TA Associates partner for many years and has extensive investment experience. The participation of Liu Wei and Qi Yujie and Cai Wei shows that the establishment of the core team of Baidu Ventures is basically completed. It is reported that Baidu Venture Capital's daily investment and operation work has been fully carried out, and currently some of the investment projects are nearing completion. Last year, Baidu Capital, which was established in conjunction with Baidu Ventures and focused on the mid-to-late projects in the field of pan-Internet, also appointed former vice president Zhang Xiaoling as CFO, former CFO CFO and CSO Wu Wenjie as their first managing partners. Baidu Venture Capital and Baidu Capital have successively introduced heavyweight talents to join and completed the construction of the management team, laying the foundation for Baidu’s new investment structure and strategy.