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APUS Group, a mobile internet company, has set up a fund in India with an initial investment of Rs 300 crore to focus on mobile Internet innovation projects in India.
"As an emerging market, Indian market potential is great and we would like to extend our assistance to the early stage start-ups. Being one of the crucial markets for us, the foundation of APUS Fund will accelerate the development of APUS Group and strengthen our relationship with the country," Tao Li, initiator of APUS Fund, founder and CEO of APUS Group, said.
APUS Fund will promote internet development in the Indian mobile space, the company said in a statement.
Besides in India, APUS Fund can also provide support for Indian start-up companies who wish to enter Chinese market through its APUS Global Mobile Internet Incubator in Beijing. APUS will provide services, including registration, office, accommodation, administration, human resource, and legal support, to help Indian companies understand and adapt to Chinese market.
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