Haikou, Hainan province-based Hainan Haiyao says that the company plans to invest RMB122 million ($20 million) in Hainan Huantai Bio-Pharmaceutical Investment Fund for a 48.8% stake, according to a company announcement. The fund is a pharma-focused joint venture launched by Hainan Haiyao and several venture capital firms. Infotech Pacific Ventures and Haikou Creative Venture Capital […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.