Beijing Zhongguancun Development Group and Tsinghua Holdings have jointly launched a fund-of-funds (FoF) to make angel investments in innovative start-ups with a fundraising target of RMB1 billion (US$160 million), according to Chinese media reports. The fund will first aim to raise RMB300 million (US$47 million). Beijing Zhongguancun will be the main capital contributor, while Tsinghua […]

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