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South China Morning PostHong Kong's US$8 billion government fund inks deal with Beijing biotech start-up as city aims for tech hub status
The Hong Kong Investment Corporation (HKIC), a government-owned fund that manages HK$62 billion (US$8 billion) in assets, has struck a deal with a biotechnology firm started by Chinese internet giant Baidu founder Robin Li Yanhong, the fund's second public move as the city seeks to boost its technology sector. The partnership will see Beijing-based Biomap set up an accelerator called BioMap InnoHub, which will aim to support over 50 early-stage research and development (R&D) projects in cutting-
MoneywiseElon Musk claims there are ‘far more’ smart, hardworking people in China than in the US
Should you turn your attention to the world's second largest economy?
Insider MonkeyIs Baidu Inc (NASDAQ:BIDU) the Best Chinese AI Stock to Buy Now?
We recently published a list titled 10 Best AI Stocks With More Upside on $1.2 Trillion AI “Value Creation Opportunity”. Since Baidu Inc (NASDAQ:BIDU) ranks 1oth in the list, it deserves a deeper look. UBS Global Wealth Management’s (GWM) recently published a detailed report discussing different layers of the AI “value chain,” estimating the combined market value opportunity […]
