Chunghwa Telecom backs ex-Google Lee's Innovation Works
Taiwanese telecoms major Chunghwa Telecom has announced commitments to Innovation Works, the incubator and early stage VC fund launched by ex-Google Greater China founding president Kai-Fu Lee.
Chunghwa will be investing some $9.14 million for 9% of the Innovation Works Development Fund and just over $1 million for 6.67% of the associated incubator Innovation Works Ltd. Formed in September 2009,...
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