Altogether 44 new venture capital/private equity (VC/PE) funds were established in China in May, according to the latest statistics from Zero2IPO. And 24 out of the 44 new VC/PE funds disclosed that they planned to raise 12.6 billion US dollars from the Chinese market. The 44 VC/PE funds included 42 RMB-denominated funds and two foreign currency-denominated funds.
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