China 's tech giant , ZTE , is to set aside 1.2bn yuan ( $ 180.4 m ) for a fund to diversify its business by investing in private tech , technology , and media start - ups with strong investor potential . Other investors are also behind the Suzhou Partnership fund , which will be 25 % controlled by ZTE . Despite a preliminary investigation into claims that hp broke sanctions against Iran through the shipment of millions of dollars worth of American hardware and software , hp 's Q1 profits exceeded 16 % .
China's tech giant, ZTE, is to set aside 1.2bn yuan ($180.4m) for a fund to diversify its business by investing in private tech, communications, and media start-ups with strong growth potential. Other investors are also behind the Suzhou Partnership fund, which will be 25% controlled by ZTE. Despite a US investigation into claims that ZTE broke sanctions against Iran through the shipment of millions of dollars worth of American hardware and software, ZTE's Q1 profits rose 16%.