China Tech Veterans to Launch ‘Domestic Replacement’ Fund Amid US Sanctions
Chinese tech veterans, including former executives at Huawei and SMIC, are planning to launch a “domestic replacement” fund by the end of the year to help create China’s next tech giant and support Chinese companies sanctioned by Washington. Venture capital firm China Europe Capital aims to raise CNY 5 billion (roughly Rs. 5,399 crores) for the fund … Read more