Chinese investment firm launches $715 million fund for European startups to grow in China

A Chinese investment firm has launched a new500 million ($715 million) investment fund specifically for European startups. London-based Cocoon Networks is a spin-off from China Equity Group, one of the first investors in Baidu, China's Google-equivalent, and Hanxin Capital, a firm with a track record in biotech and cloud computing investments. The ultimate aim