China Bridge Capital invests m in biotech startup iCarbonX

July 18, 2016:   Financial services firm China Bridge Capital has invested up to $45 million (RMB300 million) in biotech startup iCarbonX, creator of an artificial intelligence-enabled health data mining platform. Touted as a strategic investment, China Bridge Capital also plans to establish a special purpose investment fund targeting RMB10 billion to acquire precision healthcare assets, an area iCarbonX is expanding into, the China Money Network reported. China Bridge Capital is a financial services firm closely linked to Chinese Internet firm LeEco. Based in Shenzhen, Guangdong Province, iCarbonX was officially launched last October 2015 with the goal of building an ecosystem of digital life based on a combination of individual’s biological, behavioral and psychological data, the Internet and artificial intelligence. On its sixth month last April, iCarbonX closed a RMB1 billion…


Link to Full Article: China Bridge Capital invests m in biotech startup iCarbonX