China-based mobile app developer Cheetah Mobile has launched a $3m seed fund that will invest in Taiwan-based startups.
Cheetah Mobile, a China-based developer of mobile and internet security software majority-owned by software provider Kingsoft, has launched a $3m seed fund, according to Tech in Asia.
The fund will target Taiwan-based startups and is modelled on angel investors in Silicon Valley, with Cheetah specifically citing accelerator Y Combinator as an inspiration. It will support startups financially and also provide guidance through the early stages.
Cheetah will identify startups which complement its own product suite of security, anti-virus and junk…
