As China tries to double-down on leading-edge technologies with its 'Made in China 2025' blueprint, Fidelity International too wants in on the action.
Through its proprietary investment arm Eight Roads Ventures, the Boston-based US asset manager last week led a $15 million series-B round of funding for Shanghai-based startup Kyligence.
And according to Joe Chang, a partner at Eight Roads specialising in enterprise IT, it forms part of Fidelity's regional ambitions in big data.
“Much of the innovation in big data area will be led from China, where the scale of data and challenges are hitting first,” Chang told Finance...
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