China launches US$14.6 Billion Internet Investment Fund

According to  China has set-up a fund that will eventually reach 100 billion yuan (US $14.55 billion) to support investment in the internet sector.

For now, the agency states that “30 billion yuan from state-owned banks and enterprises, including the ICBC, which invested 10 billion yuan.”

<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>China launches 14.6 bln USD Internet investment fund, with Internet users rising to 731 million <a href=”https://t.co/17pAvIaOfh”>https://t.co/17pAvIaOfh</a&gt; <a href=”https://t.co/UaDeKH1xiT”>pic.twitter.com/UaDeKH1xiT</a></p>&mdash; China Xinhua News (@XHNews) <a href=”https://twitter.com/XHNews/status/823189174056603649″>January 22, 2017</a></blockquote>
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