Chinese VC firms find sweet spot in British touch screen maker

Chinese investors have injected funds into a United Kingdom-based startup that develops smartphone screens that allow users to text underwater.

Cambridge Touch Technologies, also known as CTT, invented the touch screens for phones and other devices that function in the rain, when submerged, and when users are wearing gloves.

Chinese investment companies Puhua Capital and CM Ventures contributed to a recent funding round for the company that garnered a total of $10 million.