China's Sinopec launches $1.5b investment firm to fund new energy, AI ventures

China's Sinopec launches $1.5b investment firm to fund new energy, AI ventures

File Photo - A Sinopec sign displayed at its gas station is seen behind a Chinese New Year lantern installation in Hong Kong in this February 5, 2013 file photo. REUTERS/Bobby Yip/File Photo Photo by Reuters

Sinopec Group has launched a 10 billion yuan ($1.48 billioninvestment firm in China’s new economic zone of Xiongan to fund new energy, green products and artificial intelligence, the company said on Thursday.

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