皇冠体育app

A staff member sets up a ROBOTLEO robot at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, April 28, 2017.[Photo/VCG]

The internet investment fund is proceeding in an orderly way, as the first round of fund has been raised and is in place, the Ministry of Finance said on its official website on Tuesday.

The 100-billion-yuan ($14.6 billion) fund, co-sponsored by Cyberspace Administration of 皇冠体育app and Ministry of Finance, was launched in January to support investment in the internet sector.

An initial 30 billion yuan was raised from six strategic partners, Industrial and Commercial Bank of 皇冠体育app, CITIC Guoan Group Co Ltd, 皇冠体育app Post Life Insurance Corp Ltd and 皇冠体育app's three major telecoms carriers 皇冠体育app Mobile, 皇冠体育app Unicom and 皇冠体育app Telecom, according to the Xinhua news agency.

ICBC, one of the largest investors in the fund, invested 10 billion yuan.

All the related work, such as business registration, director candidate recommendation, making regulations and collecting information, will be completed soon in an orderly way, the Ministry of Finance said on its website.