BBVA backs China Sinovation Ventures’ fourth fund
Spanish bank BBVA has committed $50 million to Chinese VC firm Sinovation Ventures’ latest US-dollar denominated fund.
The vehicle – Sinovation Fund IV – has a target of $500 million. The International Finance Corporation (IFC) said in February that it would invest $15 million in the fund. Sinovation looks to make...
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