China’s Tsinghua University to invest $584m in Japanese AI, robotics ventures

A model of the Tsinghua University photographed in front of the real life version. Photo: Tsinghua University

China’s Tsinghua University plans to invest 4 billion yuan ($584 million) in Japan’s artificial intelligence and robotics ventures over the next few years, Nikkei Asia Review reported.

The Chinese university’s investment arm, Tus-Holdings, set up an office with UTokyo Innovation Platform late last month, with an aim to advance both markets by promoting joint research and staff exchange between Japanese and Chinese startups.

The Japanese report said that the target fields of the investment will include fintech, the intersection of information technology and finance. The Beijing-based university will also consider managing buildings that house cutting-edge companies down the road, and launching a major investment fund.

Founded in January 2016, UTokyo Innovation Platform is a venture capital arm of The University of Tokyo specialising in early stage and middle -later stage investments. The firm seeks to invest in University of Tokyo related ventures.

Tus-Holdings, on the other hand, claims to be a controlling shareholder or shareholder in over 800 listed and non-listed enterprises, including Tus-Guhan, Tus-Sound, 21Vianet Group, BIOREM, TUS International, Tus-Design, ChineseAll, and Beijing Enterprises Clean Energy, among others. The total assets under its management have exceeded RMB 200 billion, according to information on its website.

The radial network of Tus-Holdings covers more than 50 cities and regions including Hong Kong, Macau, the USA, the UK, Italy, Russia, Australia, Switzerland, Holland, Sweden, South Korea, Pakistan, Thailand, Egypt, Brazil, etc.

TusPark is the flagship product of Tus-Holdings spread across a total area of 770,000 square meters, and housing more than 1500 enterprises.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.