Photographer: Simon Dawson/Bloomberg

Behind China's $720 Million Bet on British Tech Startups

  • Cocoon Networks plans London incubator, northern VC focus
  • Looking for investments across a range of tech and biotech

"Frankly, we invited so many of you because we didn’t expect all of you to come," John Zai, the chief executive officer of Cocoon Networks Ventures joked as he surveyed the hundred or so guests gathered on the top floor of accounting firm Ernst & Young’s London offices last Friday.

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