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…

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