WI Harper Group has teamed up with Luxin Venture Capital Group and Shandong Leader Equity Investment Fund to launch a cross-border fund focused on investing in start-ups in the U.S. and China, the firms announced.
No financial details are disclosed, and it's unclear if the cross-border fund will raise outside capital.
The fund will invest in cutting-edge start-ups in the areas of robotics, artificial intelligence, virtual reality, augmented reality, autonomous vehicles, big data, cloud computing, healthcare IT, medical devices and biotech sectors.
The vehicle is established in accordance with China's ...
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