China's ZTE to set up $180m fund to invest in tech startups

China's ZTE to set up $180m fund to invest in tech startups

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Chinese telecom equipment maker ZTE Corp will set up a 1.2 billion yuan ($180.38 million) fund to invest in private technology, media and communication start-ups and diversify its business.

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