Chinese early-stage tech investor Next Capital holds first close of $95m RMB Fund II

Chinese early-stage tech investor Next Capital holds first close of $95m RMB Fund II

Beijing, China. Photo by zhang kaiyv on Unsplash

China’s Next Capital, which focuses on early-stage tech investments, has held the first closing of its second RMB-denominated fund with a total fundraising target of 600 million yuan ($94.6 million).