Chinese RFID Developer Invengo Joins Forces With State Firm To Launch $144M IoT Fund

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Chinese radio-frequency identification (RFID) technology and solutions developer Invengo announced on Wednesday that the company is joining forces with Chinese state-owned financial services firm, Shenzhen HTI Venture Capital, to raise RMB1 billion (US$144.50 million) for a private equity fund for investments in the internet of things (IoT) industry.

China Money Network

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