SoftBank Ventures Asia signals greater focus on Chinese tech start-ups with new Beijing unit

//SoftBank Ventures Asia signals greater focus on Chinese tech start-ups with new Beijing unit

SoftBank Ventures Asia signals greater focus on Chinese tech start-ups with new Beijing unit

SoftBank Ventures Asia has formed a new subsidiary in China this month, signalling a bigger commitment towards its early-stage venture investing in the country since launching a dedicated US$285 million fund in 2018.The new unit will be based in the China-Japan Innovation Cooperation Demonstration Zone in the capital, the company said. The tech zone is a key plank in China’s five-year blueprint to enhance its leadership in areas such as chip design and smart-city infrastructure.The decision to…

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By | 2021-10-24T08:42:48+00:00 October 24th, 2021|Business|Comments Off on SoftBank Ventures Asia signals greater focus on Chinese tech start-ups with new Beijing unit