CBC, Sichuan Changhong to launch $41m internet fund
China Broadband Capital Partners (CBC) and Sichuan Changhong Electric, a Chinese electric goods maker, plan to launch a RMB250 million ($41 million) venture fund to invest in the cloud computing, big data, smart phone and internet industries.
The launch of the fund is a part of Changhong's "smart home" business plan, Haizhong Liu, head of Changhong's corporate planning team, told National Business Daily. A smart home system provides centralized...
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