China’s CASH Capital targets $193m for Fund II
CASH Capital, the venture capital arm of the state-owned Chinese Academy of Sciences Holdings (CASH Holdings), is seeking to raise RMB1.2 billion ($193 million) for its second renminbi-denominated venture fund.
The fund has received its anchor investment from CASH Holdings, according to a statement. Existing investors and several new LPs, including private companies and listed corporates, also invested in the...
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