There’s good news and bad news in China today for Qualcomm, the US giant that creates chipsets for smartphones, tablets, PCs and other gadgets. First off, the good: Qualcomm has announced a new $150 million fund dedicated to startups in China. The company’s Chinese portfolio includes Xiaomi, which just unveiled its new Mi 4 smartphone this week, and Dolphin Browser, which just sold a majority 51 percent share to a Chinese games company. Qualcomm started investing in 2000, though its VC arm didn’t enter China until 10 years ago. With its newest fund, it is looking specifically for mobile-focused startups involved with the internet, e-commerce,…
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