China’s Unity Ventures hits first close on US dollar fund
Chinese venture capital firm Unity Ventures - also known as Jiuhe - has reached a first close of $50 million on its debut US dollar-denominated fund. The vehicle has an overall target of $100 million.
Unity, a technology-driven investment firm that focuses on early-stage deals, was established in 2011 by Shaw Wang (pictured). He was one of seven founding members of Chinese search giant Baidu. The...
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