On 3rd March, Texas-based Dominion Harbor Group announced plans to form a joint venture with Beijing-based Paicheng International Technology Transfer (PITT) to “expand global patent monetisation opportunities” in China. While foreign NPEs are becoming more active in the country, this appears to be the first partnership of its kind between one and a Chinese partner. In conversation last week, Dominion CEO David Pridham and Chief Strategy Officer Tom Hochstatter told IAM that the tie-up will create licensing and acquisition opportunities for the firm and its new partner.

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