Shenzhen-based Chinese technology firm Kuang-Chi Group announced today the launch of a US$250 million fund to invest in global technology companies with the aim of helping them to enter and expand in China, according to an announcement.
The Global Community of Innovation Fund II will invest in start-ups globally, especially those in Israel, in the smart city, Internet-of-Things (IoT), artificial intelligence, virtual reality and robotics sectors.
Kuang-Chi will then support the development of these start-ups in a China-based incubator it established to help them enter and expand in the Chinese market.
At the same time, the company announced the opening of its Israel-based international innovatio...
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