Fortune Capital Sets Up $15M Military Investment Fund

armyChinese venture firm Fortune Capital has established a RMB100 million (US$15 million) fund to invest in military companies and projects, as the country continues to allocate increasing amount of funds to its military budget. China decided earlier this year to increase military budget by 7% to 8% in 2016, after annual double-digit growth since 2010. […]

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Read the original article: China Money Network