TCL, Tsinghua Unigroup Plans $1.35B Industry Fund

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Chinese electronics firm TCL Corporation says it plans to team up with Tsinghua Unigroup to set up an industry fund with a targeted fundraising size of RMB10 billion (US$1.53 billion) to invest in the electronics, Technology, Media, Telecom (TMT), Industrial 4.0 and Internet+ sectors, according to a disclosure document (in Chinese).

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