<article><a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Galaxy+Group" target="_blank" rel="noopener noreferrer">Beijing Galaxy World Group (Galaxy Group)</a> has committed a $30-million strategic investment in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=IP+Group" target="_blank" rel="noopener noreferrer">IP Group</a>, a British developer of intellectual property-based business.</article>

<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Galaxy+Group" target="_blank" rel="noopener noreferrer">Beijing Galaxy World Group (Galaxy Group)</a> has committed a $30-million strategic investment in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=IP+Group" target="_blank" rel="noopener noreferrer">IP Group</a>, a British developer of intellectual property-based business.
Galaxy Group disclosed that three other institutions are also joining the round as new investors including Singapore investment firm <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Temasek+Holdings" target="_blank" rel="noopener noreferrer">Temasek Holdings</a>, British asset manager <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=M&amp;G" target="_blank" rel="noopener noreferrer">M&amp;G</a>, and Australia&#8217;s <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Telstra+Super" target="_blank" rel="noopener noreferrer">Telstra Super Pty Ltd</a>, in addition to support from IP Group&#8217;s existing shareholders.
The payment and settlement of relevant shares will be completed not later than August 18, 2017.
&#8220;Galaxy Group will look to cooperate with IP Group in various fields including potential co-investment in IP Group&#8217;s portfolio companies and continued exploration of further collaboration in both China and the UK,&#8221; Galaxy Group said in its statement.
Also Read: <a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/singapore-temasek-telstra-ip-group-148m-university-73976/" target="_blank" rel="noopener noreferrer">SG: Temasek, Telstra partner IP Group in $148m funding to Australia, NZ universities </a>
Founded in 2005, Galaxy Group claims it is an intelligent business Internet platform in China with four business units engaged in fintech, business internet, startup investments, and frontier technology services like cloud computing, big data, and artificial intelligence.
IP Group, meanwhile, is a listed British company founded in 2001 that commercialises intellectual property from the world&#8217;s leading universities and research institutions.
The IP Group team identifies attractive intellectual property (IP), nurturing and building businesses around such IP and then providing capital and support along the journey from &#8220;cradle to maturity&#8221;.
Besides the UK, IP Group works in close cooperation with other universities in the US, Australia and New Zealand.
Also Read: <a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/ipos-makara-capital-innovation-fund-71201/" target="_blank" rel="noopener noreferrer">IP Office of Singapore, Makara Capital launch $717m Innovation Fund</a>
According to IP Group&#8217;s announcement, the funds raised in the presennt round will be used to support cooperation with elite universities around the world to commercialise outstanding intellectual property.
Galaxy Group chairman Maodong Xu, said the strategic investment into IP Group marks an important step for Galaxy to build a global entrepreneurial growth network.
&#8220;The cooperation with IP Group would enable us to quickly introduce cutting-edge technological projects in fields including the Internet, big data and AI from global top universities and will, in the form of co-funding, help these projects be in shape for a strong foothold in China,&#8221; Xu said.
Xu added the world&#8217;s state-of-the-art research findings could be converted into technology products and applications so as to propel China&#8217;s industries to incorporate the Internet and smart technologies.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/telstra-acquires-uk-based-technology-services-provider-company85-74291/" target="_blank" rel="noopener noreferrer">Telstra acquires UK-based datacentre provider Company85</a>

China: Galaxy Group commits $30m funding in UK firm IP Group

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China: Galaxy Group commits $30m funding in UK firm IP Group

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