Tech China Post #65

Fosun, one of the most acquisitive conglomerates in China, is looking to invest more than $3b in technology over 3 years. Fosun has invested in a number of foreign companies including entertainment, retail, life style brands, bio tech, fintech, and real estate. (link)

Alibaba will invest another $2b in Lazada, Singapore-based e-commerce giant. Current chairman of Alibaba, Lucy Peng, will become the CEO of Lazada. With additional $2b investment, Alibaba owns close to 100% of Lazada. (link)

China looked to invest into SoftBank’s $100b tech fund (link)

Venture capital investment in China reached more than $2B in March.