The chemicals and materials conglomerate’s regional vehicle will back IoT and automotive startups in China, having already committed to a local growth fund.

Japan-headquartered chemicals and advanced materials producer Asahi Kasei has formed a corporate venture capital (CVC) unit in China, The Chemical Daily has reported. Founded in 1922 as Asahi Fabric, Asahi Kasei initially concentrated on viscose rayon and synthetic ammonia production before adding areas including environment, home construction and healthcare to its business lines. The corporate…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.