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Baidu Ventures strengthening partnership with Comet Labs; gets new CEO

Baidu Ventures is strengthening their partnership with Comet Labs both in the United States and in China. The independent investment arm of the Chinese technology conglomerate Baidu has hired Comet Labs’ co-founder Liu Wei as its new CEO.

As the new CEO of Baidu Ventures, Ms. Wei will be leading investments and strategic partnerships for the firm with a strong focus on artificial intelligence technologies. Baidu Ventures says it has committed resources and talent to enhance Comet Labs’ industry-focused accelerator programs, beginning with the Transportation Lab that was recently opened for startup applications.

[Image courtesy: Comet Labs]

 

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