Yuyue Capital, founded in April this year by former Legend Capital managing director, Liu Erhai, has raised US$200 million for its debut venture fund, according to Chinese media reports.
Liu left Legend Capital earlier this year, after spending 12 years in the Beijing-based venture firm.
The new fund focuses on making early-stage investments, mostly series A and series B round, in the TMT (technology, media, telecom) and innovative consumption areas in China.
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