Sinovation Ventures Completes $200 Million First Close of Its Latest Early-Stage Fund - The Wall Street Journal

Funds raised by China-focused general partners have dropped to multiyear lows amid U.S.-China tensions and Beijing’s increased regulatory scrutiny of internet platforms

Sinovation Ventures, a China-based early stage investment fund led by former Google executive Kai-Fu Lee, has held a $200 million first close of its latest fund, according to a person familiar with t… [+176 chars]

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