22 March 2019

Qinghai sets up first technology VC fund, Xinhua says

Qinghai in northwest China has set up the province’s first technology venture capital fund in Xi Ning to help grow innovative start-ups, Xinhua news agency reported Monday. The fund, with 100 million yuan (US$16.3 million) in assets under management, will be managed by Fortune Link Investment Corp., the report said. The fund plans to introduce more domestic and foreign high-tech projects in Qinghai, it added.

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