AstraZeneca said it is launching a new fund with China International Capital Cor...
) said it is launching a new fund with China International Capital Corporation to invest $1 billion in China’s healthcare sector, as it expands its research work in the country.
AstraZeneca was a minority partner in the fund and would mainly play an advisory role in selecting investments and supporting the firms, he said. The companies did not disclose financial details of the deal. The company also planned to expand an existing research and development center in Shanghai from 450 employees to 1,000, and establish a new artificial intelligence innovation center in the city.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Effort in U.S. Congress to rein in China on Hong Kong protests faces obstaclesA push in the U.S. Congress for legislation to support pro-democracy protests in...
Read more »
China perfected fake meat centuries before the Impossible BurgerLong before Impossible Burgers, China had been making delicious 'fake meat' dishes out of mushrooms, nuts and vegetables. Find out what the Chinese knew before the rest of us caught ontainted.
Read more »
Futures gain on hopes of U.S.-China trade dealU.S. stock index futures rose on Monday, buoyed by hopes of a U.S.-China trade d...
Read more »
China pressing Trump to remove more tariffs ahead of trade deal signing
Read more »
Macron says Europe-China climate cooperation 'decisive'Cooperation between Europe and China on reducing climate-warming emissions will ...
Read more »
U.S. envoy decries Chinese 'intimidation' in South China SeaA U.S. envoy on Monday denounced Chinese 'intimidation' in the South C...
Read more »