China Merchants Group news and trends

$15B Chinese Fund To Invest In Tech Firms, Compete With SoftBank

July 02, 2018
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$15B Chinese Fund To Invest In Tech Firms, Compete With SoftBank

July 02, 2018
China Merchants Group has partnered with London-based firm Centricus to launch a $15 billion technology investment fund to compete with the Vision Fund created by Japan’s SoftBank. According to the Financial Times, the state-owned conglomerate, along with other Chinese groups, has pledged to invest up to Rmb40bn of the “China New Era Technology Fund.” The fund […]