China’s chip giants launch $577m deep-tech fund

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China’s chip giants launch $577m deep-tech fund

altassets

1 month ago

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ChangXin Memory Technologies and Alibaba Group Holding have joined a coalition of domestic technology firms to launch a 3.91bn yuan ($577m) private equity fund focused on targeting China’s hard tech sectors. According to South China Morning Post, the vehicle, registered last week under the name Changzhi Hanhai Private Investment Fund, is structured to provide patient […]
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