China Digest: Gopher, PWPIC set up $300m fund, Sequoia backs Yuntongxun

China Digest: Gopher, PWPIC set up $300m fund, Sequoia backs Yuntongxun

Visual from company website

In two separate business developments in China, Gopher Asset Management and Perfect World Pictures Co Ltd tied up to launch a $300 million entertainment-focused fund, while Sequoia Capital led a $70 million Series C round funding tech startup Yuntongxun.

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