Pudong Will Get Its Own VC Firm
Filed in archive Venture Capital by Greg Cruey on November 11, 2008
A government sponsored investment fund worth almost $300 million is going to focus on Pudong, with an emphasis on "fast-growing areas such as IT, modernized manufacturing and new energy." The planned fund will be created by the Shanghai Pudong Science and Technology Investment Co (backed by the City of Shanghai) and will be managed by Softbank China Venture Capital (part of Japan's Softbank Corp).

Photo courtesy of iStockphoto, David Pedre
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