Chinese radio-frequency identification (RFID) technology and solutions developer Invengo announced on Wednesday that the company is joining forces with Chinese state-owned financial services firm, Shenzhen HTI Venture Capital, to raise RMB1 billion (US$144.50 million) for a private equity fund for investments in the internet of things (IoT) industry.
Chinese RFID Developer Invengo Joins Forces With State Firm To Launch $144M IoT Fund comes originally from China Money Network. All Rights Reserved.