Chinese Firms to Invest $1 Billion in Bay Area Biotech Site
China's state-backed developer Greenland Holdings said on Thursday it would jointly invest more than $1 billion in a biotech industrial park in south San Francisco with smaller peer Agile Group, Ping An Trust and Poly Sino Capital.
The Shanghai-based company, the largest investor in the 210,000-square-meter project, said in a statement it aims to enhance cooperation between China and the United States on biotech research and development via the investment.
The Shanghai-based company, the largest investor in the 210,000-square-meter project, said in a statement it aims to enhance cooperation between China and the United States on biotech research and development via the investment.