Legend axes consumer from latest China TMT fund
Legend Capital has excluded the consumer-facing segment from its latest China technology, media, and telecom (TMT) fund, reflecting a broader sense of uncertainty among local managers regarding the regulatory environment.
The venture capital firm closed its eighth US dollar-denominated TMT vehicle on USD 500m in late 2020, in line with previous vintages. Fund IX launched last autumn with a view to raising about the same...
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