Matrix Partners China closes year's largest China-focused fund at $1.6b

Matrix Partners China closes year's largest China-focused fund at $1.6b

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Venture capital firm Matrix Partners China has closed its new fund at $1.6 billion in what was the largest China-focused venture fund raised this year, data from research firm Preqin showed.

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