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China Launches $2.6B VC Fund To Invest In Strategic Sector Startups

by dealstreetasia.com posted 1year ago 434 views
<p>China has launched a new national venture capital fund that will back up startup companies in new sectors of strategic importance, the&nbsp;Xinhua&nbsp;reported. The new fund has raised a total of 17.8 billion yuan ($2.6 billion) and was set up by the Ministry of Finance, the National Development and Reform Commission and the&nbsp;State Development &amp; Investment Corp, among others.</p>

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