iStockChina on Friday launched three venture capital funds to invest in “hard technology” areas, state broadcaster CCTV reported.
The capital contribution plans for the funds have been finalised, each with more than 50 billion yuan…
Tech
China launches venture capital funds to invest in ‘hard technology’, state media report
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Synopsis
China has created three new state-backed venture funds to support hard technology industries. Each fund exceeds 50 billion yuan, focusing on areas like semiconductors rather than online services, aiming to strengthen domestic innovation and long-term industrial capability for future growth.
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