Fidelity’s VC arm betting on China's big data revolution

A partner at Fidelity's Eight Roads, an early Alibaba investor, explains why it participated in a series-B round of funding for Shanghai-based Kyligence.

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...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222