BAI CEO-Annabelle Long

Bertelsmann Asia Investments (BAI), the investment arm of Bertelsmann AG in Asia, has announced the launch of BetaFund, an angel investment fund providing financing and professional support to early-stage startups.

In next few years, BetaFund expects to invest tens of millions dollars in mobile, social networking and gaming industries, according to the company. BAI disclosed that BetaFund is in talks with a variety of startups from fields including mobile content distribution platform and online financial education.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.