Chinese appliance maker to invest in Cathay's Sino-French fund
Shenzhen-listed home appliance maker Joyoung has committed EUR5 million (5.53 million) to Cathay Capital’s Sino French Innovation Fund, which is looking to invest in start-ups in France, China and the US.
Joyoung said in a filing that it would invest through a Hong Kong subsidiary. The company added that it wants to grasp the investment opportunity in high growth internet companies. By participating in...
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