DFJ consolidates China operations
Draper Fisher Jurvetson’s (DFJ) Shanghai office will close as the firm consolidates its operations in China. Existing portfolio companies will continue to receive support and Hope Chen remains a managing director responsible for overseeing China investments, a spokesperson said.
The move comes as it emerged that Tim Draper, DFJ's founder and managing director, will not be an investment partner on the firm's next fund. However, he is expected to be one of DFJ's largest LPs and...
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