Qualcomm Incorporated announced today it would invest US$40 million into four Chinese tech startups, Chukong Technologies, 7Invensun, inPlug and Unisound, as well as the China venture fund of Walden International. The move is part of a US$150 million investment plan for the Chinese tech market announced by Qualcomm CEO Steve Mollenkopf in Beijing this July.
Chukong Technologies is a leading mobile game and game engine developer, 7Invensun develops eye- and head-tracking technology, inPlug is a smart home gadget maker, and Unisound develops speech recognition and natural-language processing services.
The investment in Walden International will go to China-based semiconductor companies, or companies in related sectors, according to Qualcomm.
Five years ago Qualcomm Ventures introduced QPrize, a seed investment competition, to China. Some investees such as Wowokid are graduates of program.
Editing by Mike Cormack (@bucketoftongues)