Baidu Capital Appoints Li Xiaoyang as New CEO

(Source: Baidu)

Baidu Capital, a fund jointly launched by Beijing-based internet giant Baidu, Inc. and China Life Insurance Company, on August 25 appointed Li Xiaoyang as the new CEO. Li, who is the former vice president of Baidu, will be joining the board of directors, in charge of the investment and M&A department. He is now responsible for investment,…