China's VC firm Aurora makes first close of fifth RMB fund at $36.5m

China's VC firm Aurora makes first close of fifth RMB fund at $36.5m

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Aurora, a Chinese venture capital (VC) firm that focuses on early to mid-stage technological innovations, has held the first close of its fifth RMB-denominated fund at 258 million yuan ($36.5 million) as it looks to double down on new-generation information technology.