Baidu Venture

Baidu Ventures (BV百度风投) is a venture capital fund established in 2017 by Baidu Group, operating as a marketized VC with an AI-focused mandate from inception . The fund has deployed capital across more than 200 projects globally, spanning AI foundational technology, B2B and B2C applications, and AI-adjacent hard tech . Its investment philosophy centers on technology-driven transformation—targeting companies with underlying technical capabilities and deep vertical expertise in sectors like law, healthcare, finance, industry, agriculture, and energy, rather than chasing platform-level hype . Gao Xue, a key investment leader at the fund, described their approach as seeking "some with underlying technology" and those "immersed in vertical applications," betting that domain know-how would outlast the commoditization of base models . The fund's early bets included lightweight large-model developer Westlake Xinchen (西湖心辰), made before the ChatGPT surge, as well as multimodal players like Shengshu Technology and Morph .