Shandong Province, Luxin Group and WI Harper Group Launch VC Fund
Summary
Under this strategic initiative, the three parties have agreed to launch a cross-border fund, with an emphasis on investing in promising startups in the US and Greater China.Chairman Peter Liu commented, “In the last 20 years, WI Harper Group has devoted itself to driving cross-border economic growth through investing in innovative start-ups.We demonstrated this in China by identifying and licensing core telecommunication technology from the US, establishing a joint venture with a Chinese SOE, which eventually paved the way to the launch of China’s 3G standard.I am confident that, with this joint venture in place, we will continue bringing disruptive technologies to help foster China’s next wave of growth.” “Exploring global opportunities has been an area of interest for Luxin,” added Chairman Binchang Ji.Additionally, our visions are aligned in helping China develop its economy by bringing the best talent and innovation into China.” Chairman Xiliang Shen closed by saying, “We are thrilled to be working with WI Harper and Luxin and look forward to leveraging our strengths to build a global brand.”