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Tsinghua partners with University of Tokyo to invest up to RMB 4 bln into Japanese AI and robotics ventures
CKN
2018/12/07 03:30:37
1,440
China's News, China's Financial News, Tsinghua

Dec 07, 2018 (China Knowledge) - China’s Tsinghua University will invest RMB 4 billion into Japanese artificial intelligence and robotics ventures over the next few years. The investments will be conducted by the university’s investment arm Tus Holdings which has set up an office in Japan with UTokyo Innovation Platform.

The office hopes to facilitate joint research and staff exchange between Chinese and Japanese startups. Tsinghua University may also consider managing buildings to house industry leading companies and launching a major investment fund in the future.

Tus Holdings is committed to the financial and industrial development of China and has invested in many related projects over the years. The company’s TusStar incubators have served more than 5,000 enterprises with more than 30 enterprises ending up listed. The company reports that its accumulated return on equity investment currently stands at RMB 20 billion. The company has a presence in more than 50 cities and regions.

UTokyo Innovation Platform is the venture capital arm of the University of Tokyo and focuses on making early and mid-stage investments into ventures related to the University of Tokyo. It is also an investor in the 360ip Japan Fund which is a JPY 1 billion investment fund investing in startups with technologies developed in Universities in Japan.

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