China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Kai-Fu Lee's Sinovation Ventures Raises $675M In Two Funds
Aggregated Source: China Money Network
kaifu-leeSinovation Ventures, formerly known as Innovation Works, has raised RMB4.5 billion (US$675 million) across two venture funds, including a U.S. dollar fund with US$300 million and a RMB2.5 billion RMB-denominated fund, according to media reports. Founded by former Google Inc. executive Kai-Fu Lee, Sinovation Ventures' new funds count Foxconn Technology Group as the anchor investor. […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network