Intel Capital announced it is investing $67 million in eight Chinese startups, the latest investment pledge from a U.S. tech company ahead of Chinese President Xi Jinping’s first state visit to the U.S. next week.
Intel Capital’s new China investments include Ninebot Inc., the Xiaomi Corp.-backed scooter startup that acquired Segway in April, Intel Corp.’s INTC, +0.13% global investment arm said in a statement Thursday. Intel Capital is also backing chip-design firm Telink Semiconductor Co. and electronics makers Bluebank Communication Technology Co. and Shenzhen Hampoo Science & Technology Co.
