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China's Sovereign Wealth Fund Inks Tech Deal With Intel Capital
February 16, 2010 |
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A new agreement between Intel Capital and China Investment Corporation is focused on investments in global technology ventures.
The agreement, intended to pair the resources of China's sovereign wealth fund with the technology expertise of Intel Capital, will identify and support strategic investments in pioneering companies across a wide array of technology sectors including cleantech and software.
Under the agreement, CIC and Intel Capital will explore investments outside of China, combining resources to both evaluate potential investments and support companies in their next stages of development. While the scope of investment opportunities will be global, there will be cross border opportunities that will benefit both the U.S. and China.
China Investment Corporation is an institutional investor that is operated on a commercial basis, seeking long-term, risk-adjusted financial returns.
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