Chinese telecommunication firm, ZTE will joing the companies giving support to new ventures. In that sense the company is said to reserve 180 milyon$ budget.
Leader technology firms such as HP, Lenovo and Siemens are looking for ways to explore new technologies. Aiming to follow the steps of new firms, these investors give support to many ventures. Becoming one of these ventures, Chinese telecommunication firm will support new idea with 180 million dollars budget.
The company and other investors will set up the Suzhou Partnership fund to invest in shares, equity or assets of firms with good growth potential, “enhancing the competitiveness of the group’s main business,” ZTE team stated. ZTE will control about 25 percent of the fund, while 75 percent will be owned by other investors.