Posted inChina, Northeast Asia, South Korea, World

Shenzhen launches US$1.5b startup VC fund

Shenzhen, the Southern Chinese city famous for its thriving technology and startup scene, has launched a 10 billion yuan (US$1.5 billion) venture capital fund to boost its emerging industries, local media reports. The fund is yet another move to bolster the city’s innovation-driven sectors, such as fintech, biotechnology and new energy, which represent 40% of […]

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