Kai-Fu Lee’s Sinovation Ventures To Close $361M RMB-Denominated Fund By End Of 2018

Sinovation Ventures, a Chinese venture capital firm, is looking to close its new RMB2.5 billion (US$361.40 million) RMB-denominated fund by the end of 2018.  The new fund will seek for investment opportunities in the artificial intelligence (AI) sector with the potential participation of Chinese local governments and family firm, Bloomberg reported, citing Kai-Fu Lee, Chairman and […]

Kai-Fu Lee’s Sinovation Ventures To Close $361M RMB-Denominated Fund By End Of 2018 appeared first on China Money Network.

Read the original article: China Money Network