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Sinovation Ventures, a Chinese venture-capital fund co-founded by Kai-Fu Lee, raises approximately $674 million in capital. The fund has closed two venture-capital funds, one in dollars worth $300 million and another in yuan equivalent to $374 million. Sinovation Ventures plans to invest in startup companies involved in artificial intelligence, enterprise software, and entertainment content creation as venture firms accumulate cash reserves in a cooling funding environment.
Saturday, 10 September, 2016