Legend to launch local VC funds in China: reports
MD of Legend Capital, Ouyang Xiangyu, has said that the VC firm has plans to raise two funds totaling around $500 million in the first half of 2011, one a RMB1 billion ($150 million) RMB fund, and the other a $350 million US dollar fund, in an interview with Reuters.
In a CEO message posted on Legend Capital’s website, the firm states, “The birth of Legend Capital was a well-thought decision in response to China's call for more responsible and devoted venture capital...
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