Shenzhen Capital closes new RMB fund at $950m for hard tech bets

Shenzhen Capital closes new RMB fund at $950m for hard tech bets

Image by darmau from Unsplash.

Shenzhen Capital Group, the venture investment vehicle of the Shenzhen government, has closed its flagship fund at 6.77 billion yuan ($950.1 million) to deepen its bets in the hard tech industry, according to its announcement via WeChat on Wednesday.