[Updated] Vertex Ventures China closes largest USD fund for high-tech, consumption startups

[Editor’s Note: Vertex Ventures China has clarified that it has raised 4 billion yuan ($566 million) for two funds – including the largest USD fund (that has been closed) and an RMB fund that is yet to be closed. This copy has been amended to reflect the changes].

Vertex Ventures China, the China-focused venture capital arm of Singapore-based Vertex Ventures, has closed a USD-denominated fund for investments in the Chinese market.