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106 new VC/PE funds established in China in Nov.,up 11.58% on month

Xinhua Financein SHANGHAI
2015-12-16 16:33

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Altogether 106 new venture capital/private equity (VC/PE) funds were established in China in November, up 11.58 percent month on month, according to the statistics released by Zero2IPO on Wednesday.

And 90 out of the 106 new VC/PE funds disclosed that they targeted to raise in total 73.233 billion US dollars, up 202.63 percent month on month.

The 106 VC/PE funds included 94 RMB-denominated funds and 12 foreign currency-denominated funds, with target fund raising scale at 68.224 billion US dollars and 5.009 billion US dollars respectively.

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