LONDON: A venture capital firm backed by the Chinese government is aiming to invest up to US$500mil in US and European technology startups.
Silk Ventures, which has offices in Silicon Valley, London, Shenzhen, and Beijing, will put a particular focus on fintech, artificial intelligence, medical technologies and startups specialising in related sciences. “The mission is to connect technology companies from Europe and the US, Israel as well, to the Chinese market,” said Silk Ventures Founding Partner Angelica Anton.
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