Qihoo 360 Technology has joined forces with Beijing Cultural Center Fund to launch an investment fund aimed at internet and culture-focused companies.
China-based cybersecurity technology provider Qihoo 360 Technology has partnered the municipal government-owned Beijing Cultural Center Fund to set up a RMB1bn ($156m) investment fund, China Money Network reported today.
The fund will target early and growth-stage companies in the internet and cultural sectors, including businesses focusing on the areas of entertainment and new media information.
Zhou Hongyi, chairman, co-founder and CEO of Qihoo 360, said: “I am positive about the development of the culture and entertainment industry.
“Qihoo 360 develops…
