Former Google China exec opens $115 million investment fund

By Matthew
Sep 7, 2009
  1. Former Google exec Kai-Fu Lee has founded a $115 million investment fund to fuel high-tech Chinese start-ups. Named "Innovation Works," it is backed by a group of venture capital funds and private investors. YouTube co-founder Steve Chen. Lee will sit as the chairman and CEO, after resigning from his duties at Google last week.

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