China-based laser equipment manufacturer Han’s Laser Technology Industry Group has formed a $160m investment fund with Chinese state-owned private equity fund Guosen H&S Investment, China Money Network reported today.
The joint venture will focus on the robotics and artificial intelligence sectors. Han’s is investing RMB 200m ($32m), while Guosen H&S, the private equity arm of government-owned financial services firm Guosen Securities, will raise the remaining capital from third-party investors.
Han’s and Guosen have formed an asset management company to run…
