By Rita Liao
Kai-Fu Lee’s Sinovation Ventures has its eyes on a niche market targeting software developers. In April, the venture capital fund led a $10 million angel round in Jingling, a Chinese startup developing Linux-based tablets and laptops, TechCrunch learned. Other investors in the round included private equity firm Trustbridge Partners.
Jingling was founded only in June 2020 but has quickly assembled a team of 80 employees hailing from the likes of Aliyun OS, Alibaba’s Linux distribution, Thunder Software, a Chinese operating system solution provider, and active participants in China’s open source community.
The majority of the startup’s staff are working on its Linux-based operating system called JingOS in Beijing, with the rest developing hardware in Shenzhen, where its supply chain is located.
“Operating systems are a highly worthwhile field for investment,” Peter Fang, a partner at Sinovation Ventures, told TechCrunch. “We’ve seen the best product iteration for work and entertainment through the combination of iPad Pro and Magical Keyboard, but no tablet maker has delivered a superior user experience for the Android system so far, so we decided to back JingOS.”
“The investment is also in line with Sinovation’s recognition and prediction in ARM powering more mobile and desktop devices in the future,” …read more
Source:: TechCrunch Gadgets
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