SoftBank-backed DCM Ventures raises $880m for China investments

SoftBank-backed DCM Ventures raises $880m for China investments

Shanghai, China

David Chao, a venture capitalist who has been on the ground floor of Asian companies worth a combined $206 billion, has raised money for a new fund with a China focus, a sign that rising U.S.-China tensions aren’t turning off foreign investors.

Bring stories like this into your inbox every day.

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