Kingsoft and Xiaomi are partnering on a $1.4bn semiconductor technology fund while Chiliz launched a $50m Web3 and entertainment incubator.
Funds
A subsidiary of diversified software producer Kingsoft has teamed up with another Chinese corporate, consumer electronics manufacturer Xiaomi, to form a RMB10bn ($1.4bn) fund to back integrated circuit developers, according to a Hong Kong Stock Exchange filing seen by DealStreetAsia. Kingsoft Wuhan is providing approximately RMB500m as one of the limited partners while Xiaomi Wuhan will contribute RMB3bn. Xiaomi Beijing is supplying RMB30m as…
