AMSTERDAM (Reuters) – Royal Dutch Shell is opening the first Chinese office of its venture capital fund and recruiting three local investment staff there to tap a market where it sees “explosive” growth, the head of the business told Reuters on Thursday.
Shell Technology Ventures (STV), internally known as “Stevie”, is the oil major’s vehicle through which it seeks to stay on top of technological changes in the energy market that could threaten its business, and provide new areas for growth.