Chinese venture fund makes a big splash in London
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
"FRANKLY, we invited so many of you because we didn't expect all of you to come," John Zai, the chief executive of Cocoon Networks Ventures joked as he surveyed the hundred or so guests gathered on the top floor of accounting firm Ernst & Young's London offices last Friday.
Mr Zai shouldn't have been surprised: after all, it's not every day that a new venture capital fund rocks up in town with £500 million (S$1 billion) in its purse and an ambitious plan to help British startups in fields from hardware to biotechnology.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
