Raystone Capital Closes RMB Growth Fund III To Invest In China’s AI Industry

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Chinese asset management company Raystone Capital has closed its third RMB-denominated growth fund at RMB1 billion (US$148.47 million) earlier this month, a spokesperson of Raystone Capital confirmed with China Money Network today. The fund will seek investment opportunities in the country’s artificial intelligence (AI) industry.

China Money Network

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