Chinese asset management company Raystone Capital has closed its third RMB-denominated growth fund at RMB1 billion (US$148.47 million) earlier this month, a spokesperson of Raystone Capital confirmed with China Money Network today. The fund will seek investment opportunities in the country’s artificial intelligence (AI) industry. Raystone Capital, an asset management arm of Chinese mobile games […]

Raystone Capital Closes RMB Growth Fund III To Invest In China’s AI Industry appeared first on China Money Network.