China’s VC Firm Albatross Venture Closes Second RMB Fund At $72M

Chinese venture capital firm Albatross Venture has reached the final close of its second RMB-denominated fund at RMB500 million (US$72 million), bringing the company’s assets under management to nearly RMB1 billion (US$144 million), said Albatross Venture in a statement released today on its WeChat official account.

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