Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.
The vehicle, named Furui Fund, has already received RMB100 million in LP commitments from Shanghai-listed Zhejiang Daily Media Group, according to a filing. Furui will make seed and early-stage investments...
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