China’s Sinovation Ventures seeks $1b for new VC fund

China’s Sinovation Ventures seeks $1b for new VC fund

Sinovation Ventures founder Kai Fu Lee. Photo: Bloomberg.

Sinovation Ventures, the Chinese venture capital firm founded by former Google Inc executive Kai-Fu Lee, seeks to raise $1 billion for a new VC fund, its filing with the US Securities and Exchange Commission showed.

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