Tencent Invests Big Money in US Cleantech

Excerpt from article originally published on The Straits Times by Nicolas Cheng.

“TenX has invested in Clarity, a three-year-old company that makes air-pollution monitoring devices which provide hyper-localised and real-time air-quality readings in metropolitan areas. Its technology, said co-founder David Lu, would give city councils more accurate pollution data to make city and traffic planning better.

A big backer like Tencent was a huge break for Mr Lu, who said it was difficult to find investors who understood the company’s vision of putting social good over baseline profits. Mr Lu said Clarity plans to expand its projects to South-east Asia and Europe next.”

(more…)