China's Guangzhou commits $29b to two Fund of Funds

China's Guangzhou commits $29b to two Fund of Funds

Photographer: SeongJoon Cho /Bloomberg

Southern metropolis Guangzhou is extending a hand to its local tech industry, allocating a combined 200 billion yuan ($29.2 billion) to two new funds to invest across a broad swathe of sectors and from nascent to large-scale projects.

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