The technology conglomerate has pledged an initial $50m for the Israel and China-based Kuang-Chi GCI Fund & Incubator but could grow it to $300m by 2019.
China-headquartered technology conglomerate Kuang-Chi has formed an Israel-based corporate venturing unit that could eventually reach $300m in size.
Kuang-Chi is committing an initial $50m to Kuang-Chi GCI Fund & Incubator but intends to expand it to $300m in the next three years. It will combine startups incubated by Kuang-Chi in China with investments in early to mid-stage companies in Israel and across the world.
Founded in 2010, Kuang-Chi functions as an innovation group with offices in China, North America, Europe,…
