Chinese hard tech investor CAS Star crosses $1.4b AUM with new RMB fund

Chinese hard tech investor CAS Star crosses $1.4b AUM with new RMB fund

FILE PHOTO: Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo

CAS Star, a Chinese investment firm that focuses on early-stage hard tech startups, has held the first close of a new RMB-denominated fund, which brings its total assets under management (AUM) above the 10-billion-yuan ($1.4 billion) mark, the firm announced on Tuesday.

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