Chinese chip design firm Smart Logic has secured an angel round of financing led by Shanghai Alliance Investment Limited, an investment arm of Shanghai Municipal Government chaired by the eldest son of former Chinese president Jiang Zemin. The new round is claimed to have raised several hundred million yuan, however specific amount remains undisclosed. Zero2IPO […]

Shanghai Govt’s Investment Arm Invests In National Academy-Backed Chip Design Firm Smart Logic appeared first on China Money Network.