Chinese security software developer, Kingsoft, together in the partnership with the mobile phone maker, Xiaomi, Beijing Zhigu Technology Consulting Services (an entity controlled by Xiaomi’s founder Lei Jun) and a few others, has launched a USD 35 Mn fund to support Intellectual Property related investments. Kingsoft announced that the investment vehicle managed by Beijing Zhigu Technology Consulting Services will have a 10-year term, without disclosing other specific details.
It is widely speculated that the fund has been formed as an…
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