Joy sets modest target for China VC fund - update
Beijing-based Joy Capital has set a lower target for its latest US dollar-denominated fund than in the previous vintage and decided against raising a second accompanying growth vehicle.
The venture capital firm is looking to raise USD 300m for its fourth fund, according to two sources close to the situation. Fund III closed on USD 391m in 2019 and Joy raised an additional USD 327m in...
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