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Sovereign Wealth Funds Briefing - Categorized | Investment

China fund buys stake in FieldAware

Posted on 25 August 2014

Irish technology start-up FieldAware has secured a multi-million cash injection from the Chinese government. The China Investment Corporation, a sovereign wealth fund with $200bn in reserves, has snapped up a large stake in the Trinity College spin-off.
It is the first time the Chinese government has invested in an Irish technology company. Two more similar deals are due to be announced in the coming weeks. Unlike their US and British counterparts, Chinese investors have funded relatively little of Ireland’s booming tech start-up scene - but this may mark the beginning of a new relationship between the two countries………………………………………..Full Article: Source


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