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…
The rest of this content is only accessible to Global Venturing Subscribers.
This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.
