Mubadala Investment Company, the state investment fund of Abu Dhabi in the United Arab Emirates, is looking for new partnerships in China and is seeking early-stage investments globally amid concerns over sky-rocketing valuations for mature companies.
The Abu Dhabi based fund started an incubator called Hub71 this week with an initial investment of $272 million, aiming to support tech startups in partnerships with Microsoft and Japan's SoftBank Vision Fund. Hub71 will also provide housing, office space and subsidy to attract more tech startups to the capital city of the oil-exporting nation.
Mubadala has been heavily devoted into tech sectors around the world,...
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