After Tencent obtained the insurance agency license, on September 25th, Baidu Peng Huan Asset Management (Beijing) Co., Ltd., an investment company owned by Baidu, also wholly acquired Heilongjiang Lianbao Longjiang Insurance Brokerage Co., Ltd. (hereinafter referred to as "Heilongjiang Lianbao"), and its registered capital increased from 6,543,800+million to 50 million.