CIC, Temasek, Hopu back Shenzhen innovation fund
China Investment Corporation (CIC), Silk Road Fund, state-owned property developer Shum Yip Group and Singapore's Temasek Holdings have launched a technology investment fund in partnership with SoftBank-owned ARM Holdings and Hopu Investments.
Financial terms were not disclosed but local media reported the fund has a full target of $800 million. The Shenzhen-domiciled Hou An Innovation Fund will invest in global hardware companies, including...
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