China's Winreal Investment reaches first close of 5G industry fund at $146m

China's Winreal Investment reaches first close of 5G industry fund at $146m

Photo: Reuters

Chinese investment firm Winreal Investment has reached the first close of a new fund at 1 billion yuan ($146 million) from investors including government-backed funds as the company seeks to promote the development of the 5G industry much-highlighted by Beijing.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter