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Snow Brand has already said that it hopes to set up ventures with other companies to salvage its frozen foods, pharmaceutical and child care divisions.
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Many other companies have set up venture capital units.
Almost all of the firms have set up venture capital units trading expertise for stakes in start-up companies.
Reed, Balon and Wright set up venture capital fund JamJar Investments, which backs businesses such as Graze and Deliveroo.
Fujitsu, Mitsubishi and many other Japanese firms have set up venture-capital arms in Silicon Valley in an attempt to capture the culture.
Most of the big industrial firms that set up venture-capital arms have either pruned them or lopped them off altogether.
That is not true for the hundreds of corporations that set up venture capital funds or invested in start-ups, hoping to mimic the spectacular gains that many venture capitalists achieved during the technology boom.
DAZZLED by the success of financial entrepreneurs in Silicon Valley and elsewhere, companies as wide-ranging as advertising agencies, truck makers, package couriers and independent film marketers are racing to set up venture capital arms.
In particular, many corporations that set up venture arms to cash in on the Internet boom -- often going far afield from their businesses -- are suddenly finding those investments a drag on earnings.
It's becoming popular for enterprise companies to set up venture funds to invest in innovation.
There are a few ways to set up venture activity in China.
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