Infinity teams with Chengdu for new China fund
Posted:2010-7-1|Source:internet|No. of Views:
Infinity Group has set up a $30 million fund, its eighth Israel-China fund this year. This time, the fund is a joint venture fund with Chengdu City, China. It will focus on projects in clean tech, IT, agriculture, and technology incubators.
Infinity Group also signed a Memoradum of Understanding (MOU) of general cooperation with the Chengdu Municipal Government today. The MOU, a separate agreement from that of the joint venture, covers various areas, including business communication and investment activities, finance, innovation and private equity as well as Chengdu¡¯s technology incubator and park.
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