China's CAS Investment hits first close of new RMB fund at nearly $421m

China's CAS Investment hits first close of new RMB fund at nearly $421m

Photo by Igor Omilaev on Unsplash

CAS Investment, a Chinese technology-focused fund management firm, has reached the first close of a new RMB fund series to invest in disruptive startups in artificial intelligence (AI), cleantech, and biotech.

Edited by: Joymitra Rai