Founded by Kai-Fu Lee, former head of Google's China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technology
Kai-Fu Lee, who headed Google Inc.'s (GOOG) Chinese division during its biggest growth years, is investing in a mobile-software maker and 11 other businesses in China to foster a startup culture and benefit from booming demand for Web technology.
Tapas, a mobile operating system customized for Chinese users, is one of the businesses to hatch from Innovation Works, a Beijing business incubator Lee founded a year ago. The software will be offered this year on mobile phones made by three manufacturers, Lee, 48, said in an interview with Businessweek.com.
To read the full, original article click on this link: Ex-Googler Lee Backs China Companies to Foster Startup Culture - BusinessWeek
Author: Douglas MacMillan
