Ameba Capital raises over $70m for new RMB fund focused on AI-generated content

Ameba Capital raises over $70m for new RMB fund focused on AI-generated content

Wang Donghui, Ameba's founder and managing partner, also goes by his English name Kevin Wang. Source: Ameba Capital's website

Chinese venture capital firm Ameba Capital, which specialises in enterprise services and IT, has raised 500 million yuan ($70.4 million) for its latest RMB-denominated fund. 

Edited by: Pramod Mathew