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CVC funds are different from traditional venture capital or VC firms. While the latter are by and large driven by the goal of maximizing returns on their short-term investments, CVC funds such as Intel Capital, Google Ventures and Alibaba-backed Blue Pool Capital accord priority to strategic, long-term objectives.
Cai made the remarks Friday as the 2017 Fortune Global Forum closed in Guangzhou.

CNOOC Ltd, the listed arm of China National Offshore Oil Corp, said its net profit fell by 66 percent on a yearly basis to 10.38 billion yuan (.5 billion) during the first half of this year, while PetroChina Co Ltd posted a net loss of 29.98 billion yuan, compared with a net profit of 28.42 billion yuan in the previous year. The net loss at Asia's biggest refiner, China Petrochemical Corp (Sinopec), was 21.7 billion yuan compared with a profit of 32.2 billion yuan a year ago.
Cambricon Technologies Corp Ltd, a successful Chinese startup specializing in artificial intelligence or AI chips, unveiled the MLU 100, a cloud-based AI chip, in Shanghai on Thursday.
COVID-19 came as another hit for the hospitality sector, which has been among the most heavily impacted by both the virus and anti-violence regulations.
来源:资阳报