China Digest: Konka to launch $1.4b govt-led fund; Taicang sets up $721m FoF

Konka Group has partnered with the government of Yancheng, a city in east China’s Jiangsu province, to launch a 10 billion yuan ($1.4 billion) industry fund, while Taicang authority has set up a 5 billion yuan ($721 million) fund of fund (FoF).