Foxconn-backed HCM in talks on new larger tech fund

(Reuters) - Foxconn Technology Group-backed investment firm HCM Capital is in early-stage talks to raise a much larger new fund, as it looks to invest in startups in Silicon Valley and other emerging tech hubs across the world, the fund's head said. In an interview with Reuters, HCM founder and managing partner Jack Lee said he could not yet specify the size of the new fund that it plans to raise, but said it could be a "hundred million more or up to several hundred" million more than HCM's..