Intel Capital Invests $67 Million in Chinese Startups
September 17 2015 - 9:10AM
Dow Jones News
BEIJING—Intel Capital announced it is investing $67 million in
eight Chinese startups, the latest investment pledge from a U.S.
tech company ahead of Chinese President Xi Jinping's first state
visit to the U.S. next week.
Intel Capital's new China investments include Ninebot Inc., the
Xiaomi Corp.-backed scooter startup that acquired Segway in April,
Intel Corp.'s global investment arm said in a statement Thursday.
Intel Capital is also backing chip design firm Telink Semiconductor
Co. and electronics makers Bluebank Communication Technology Co.
and Shenzhen Hampoo Science & Technology Co.
It is the latest show of support for China's domestic tech
industry ahead of Mr. Xi's visit. Dell Inc. last week pledged $125
billion in investments in China, a figure that includes component
purchases and manufacturing expenses.
Intel China President Ian Yang called China a "leader of global
technology innovation" in the statement.
"Our investments, new products and collaborations in China
support the government's national initiative to uplift its
innovation economy," Mr. Yang said in the statement.
Write to Eva Dou at eva.dou@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 17, 2015 08:55 ET (12:55 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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