China's Joy Capital raises $718m for VC, growth funds
Joy Capital has collected $718 million for its latest set of US dollar-denominated funds, closing its third venture vehicle at $391 million and securing $327 million for a debut growth fund.
The Chinese firm – which was established in 2015 by Erhai Liu, who previously led technology, media and telecom (TMT) investments at Legend Capital – announced it had raised more than $700 million...
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