China: Kuang-Chi Group targets $300m investment into global startups

China: Kuang-Chi Group targets $300m investment into global startups

Kuang-Chi Group, a Shenzen, China-based high-tech company, has launched its second $250 million vehicle, with its Global Community of Innovation (GCI) fund, which now has an aggregate corpus of $300 million across two funds targeting startup investments.

The $250 million Global Community of Innovation (GCI) Fund was launched in May 2016 in Tel Aviv, as the first Israel-based fund and incubator set up by a Chinese technology company.

Led by Dr. Ruopeng Liu, chairman, and Dorian Barak, global investment director, Kuang-Chi has also established a number of joint ventures (JVs) to strengthen its portfolio companies’ market positions, including one JV that was recently announced with Zwipe in Shenzhen.

This latest $250 million fund will target investments in global startup ventures innovating in industries that include robotics, IoT, telecommunications, and digital health .

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