May 4 (Bloomberg) — Kai-Fu Lee, a former Google Inc. executive whose Beijing-based venture fund Innovation Works invests in startups, spoke with Bloomberg’s Robyn Meredith about China’s internet market. China’s economy is projected to grow three times faster than the U.S. and about two-thirds of the population is not yet online. Lee said Innovation Works, founded in 2009, now has investments in 28 projects, mostly related to mobile-Internet technology. (Source: Bloomberg)