Qualcomm Ventures ups China tech funding

Qualcomm Ventures, the venture capital arm of US chip heavyweight Qualcomm Inc, will step up its push to invest in promising Chinese startups to support their growth, with a focus on smart driving, artificial intelligence and the metaverse this year.

Shen Jin, managing director of Qualcomm Ventures, said the company's investment theme at this stage is intelligent interconnection, with priorities including intelligent driving, AI and its applications in the internet of things, robot solutions and computer vision in advanced manufacturing, as well as the metaverse.

Founded in 2000, Qualcomm Ventures is a veteran in the corporate venture capital market and has been actively investing in China since 2003. From investing in mobile internet technologies in the past to investing in smart internet now, Qualcomm Ventures aims to help its parent company build its business ecosystem and expand its partners, while constantly seeking a balance between industrial ecological value and financial returns, forming a unique investment style.