Cemex Ventures has set a trajectory to Chinese dealmaking in partnership with local construction industry services firm Glodon and venture capital firm Interdream Ventures.
Cemex Ventures, the corporate venturing vehicle of Mexico-headquartered building materials supplier Cemex, is expanding into Chinese investments through arrangements with two local partners.
The unit will liaise with construction industry services provider Glodon and Interdream Ventures, a venture capital firm specialised in digitising construction and decoration projects.
Cemex is seeking new business models that could help it land a slice of the Chinese construction market, by building up relationships with entrepreneurs and other companies.
Cemex Ventures launched in 2017 to…
