FOREIGN FUND RAISED TO ASSIST CHINESE FIRMS
AsiaInfo Services, November, 2006
AsiaInfo Services 11-16-2006 Foreign Fund Raised to Assist Chinese Firms BEIJING, Nov 16, 2006 (SinoCast via COMTEX) -- IBM and Lehman Brothers has set up China Investment Fund with USD 180 million to promote the transfer and innovation of finance and operation of Chinese enterprises. Lehman Brothers is influential in the global investment banking sector and private equity investment field.
IBM has strong insight in commercial operation and plays a leading role in technical field in China. Their cooperation will support Chinese enterprises with innovative business practice and technologies as well as capitals, which was in line with Chinese government's policies. By comparison with most venture capital companies that get the total equity of...
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