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China is launching a government-backed fund to mobilize 1 trillion yuan (US$138 billion) for technology startups, focusing on semiconductors, renewable energy, AI, and quantum technology. The "national venture capital guidance fund" will operate as a public-private partnership, targeting seed-stage companies with a higher risk tolerance and exploring emerging fields like hydrogen energy storage. This initiative is part of China's strategy to enhance AI applications, increase venture capital investments, and promote technological self-reliance.
Zheng Shanjie
People
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China launches 138 billion dollar fund for tech startups and innovation
04:20 07.03.2025
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