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

Pramugdha Mamgain | DealStreetAsia – VC

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.

Also Read:

China pips US in attracting highest VC funding at $56b in H1: Study

SoftBank’s Vision Fund to hire China team, set up mainland office



The post China’s Tsinghua University to invest $584m in Japanese AI, robotics ventures appeared first on DealStreetAsia.

Continue reading …

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

Source link

Show More

Leave a Reply

Pin It on Pinterest

Share This

Share this post with your friends!