Summary
[Hillhouse and Hangzhou Capital set up a 10 billion new fund to accelerate the innovative construction of a demonstration zone for mutual prosperity]Hillhouse Group and Hangzhou Capital formally signed the “Memorandum of Strategic Cooperation” in Hangzhou, Zhejiang Province. According to the agreement, the two parties will jointly promote the establishment of a scientific and technological innovation investment fund with a scale of 10 billion yuan through urban linkages. The key investments include artificial intelligence, integrated circuits and semiconductors, basic software, application software, and Internet of Vehicles. Internationally competitive digital industry clusters and advanced manufacturing clusters represented by intelligent driving and new energy vehicles will further attract global capital, technology and talents to gather in Hangzhou, and promote the depth of the industrial chain, innovation chain, capital chain and policy chain Fusion. (Investment community)
Hillhouse Group and Hangzhou Capital formally signed the “Memorandum of Strategic Cooperation” in Hangzhou, Zhejiang Province.According to the agreement, the two parties will jointly promote the establishment of a scientific and technological innovation investment of 10 billion yuan through urban linkage.fund, Key investments include internationally competitive digital industry clusters such as artificial intelligence, integrated circuits and semiconductors, basic software, application software, and Internet of Vehicles, as well as advanced manufacturing clusters represented by intelligent driving and new energy vehicles, which will further attract Global capital, technology and talents are gathered in Hangzhou to promote the deep integration of the industrial chain, innovation chain, capital chain and policy chain.
(Article source: investment community)
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