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asia venture capital

Chinese City Guangzhou to Invest $29 Billion into Tech Funds

By
Shai Oster
· · Source: South China Morning Post

The southern Chinese city of Guangzhou will invest $29 billion into tech funds. The city will allocate the money into funds-of-funds to invest in semiconductors, renewable energy and other high tech fields. Guangzhou is the capital of Guangdong, China’s most populous province that is also home to Shenzhen, where many tech powerhouses such as Tencent, Huawei and DJI are based. China’s local...

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