China’s Tsinghua Gives $100 Million to Android Challenger
This article is for subscribers only.
China’s Tsinghua Unigroup Ltd. invested $100 million for a minority stake in software startup Acadine Technologies, adding smartphone operating systems to its stable of chips and servers.
A unit of Beijing-based Tsinghua Unigroup will be the sole investor in the first round of funding, taking a non-controlling stake, Gong Li, Acadine’s founder, chairman and chief executive officer, said by e-mail on Wednesday. He declined to disclose the size of the stake.