CASH Capital Seeks $322M For Second Venture Fund

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Beijing-based CASH Capital, a venture investment unit launched by the Chinese Academy of Sciences Holdings Co. (CASH Holdings), has launched its second fund to invest in the TMT (technology, media, telecom) and life sciences sectors, according to an announcement posted on the parent company’s website.

The RMB-denominated vehicle reportedly has a fundraising target of as much as RMB2 billion (US$322 million).

China Money Network

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