Beijing city govt-backed firm said to seek over $1.5b for first tech fund

Beijing city govt-backed firm said to seek over $1.5b for first tech fund

Beijing, China. Photo: Raj Eiamworakul/ Unsplash

An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan ($1.5 billion) in its first fund aimed mainly at cutting-edge tech investments, said two people with direct knowledge.

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