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 […]