China’s Fortune Capital secures $858m first close of RMB fund, targets $1.1b final close
Shenzhen, China. Source: Welkin Chen/Unsplash
Chinese venture capital (VC) firm Fortune Capital has secured the first closing of its RMB-denominated new fund at over 5.5 billion yuan ($858.4 million), the firm announced on Friday. The fund has a targeted size of about 6.8 billion yuan ($1.1 billion).
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