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Qiming Venture Partners Reportedly Reduces CN Tech Fund Target to US$600M
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Qiming Venture Partners, an early investor in MEITUAN-W (03690.HK) and XIAOMI-W (01810.HK), reduced the size of its new fund for Chinese AI and healthcare startups by a quarter to US$600 million from US$800 million, indicating that global investors remain cautious about China's tech industry, Bloomberg quoted sources as saying. AASTOCKS Financial News Website: www.aastocks.com |
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