Monday, September 12, 2016

VC firm founded by ex-Google China head raises US$674M in new funds

The latest injection brings the total amount on Sinovation Venture’s*portfolio to US$1.2 billion Sinovation Ventures, the firm founded by ex-Google Inc. China head Kai-Fu Lee, has raised a RMB4.5 billion yuan (US$674 million) for two separate currency funds that will target AI, enterprise software and entertainment content*startups in China and the U.S. It comes has...
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