China: Sina Corp to set up $500m fintech fund; Incubator Iheima raises $27m via IPO

China: Sina Corp to set up $500m fintech fund; Incubator Iheima raises $27m via IPO

Photographer: Nelson Ching/Bloomberg

Internet portal Sina Corp has decided to set a $500 million online finance fund to invest in fintech. Meanwhile, Beijing-based startup incubator Iheima has raised $27 million through an IPO on ChiNext.

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