A Chinese government-backed fund is investing in a “decentralised data economy” in Europe

A Chinese government-backed fund is investing in a “decentralised data economy” in Europe

6 years ago
Anonymous $cyhBy-qkd5

https://tech.newstatesman.com/business/a-chinese-government-backed-fund-is-investing-in-a-decentralised-personal-data-economy-in-europe

A private equity fund backed by the Chinese government has unveiled plans to invest tens of millions of pounds in Western European startups seeking to build a “decentralised data economy”.

The fund, CZ investments, announced today that it will be launching a new accelerator programme for firms building decentralised data projects that could wrest back power from the US tech giants.