China's Xiaomi, Kingsoft back IP investment fund
Chinese mobile phone maker Xiaomi and software developer Kingsoft will participate as LPs in a RMB200 million ($32.5 million) fund that will make investments related to intellectual property.
Xiaomi will put in RMB30 million, while Kingsoft will contribute RMB10 million via its wholly-owned subsidiary Chengdu Interactive Entertainment, the Hong Kong-listed company said in a filing. A further...
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