China's DNV Capital closes new RMB fund at $87m for AI, big data investments

China's DNV Capital closes new RMB fund at $87m for AI, big data investments

DNV Capital, a Chinese venture capital firm that primarily backs healthcare and tech-driven startups, has raised 610 million yuan ($87 million) in a new RMB-denominated fund for investments in artificial intelligence (AI), big data, and other innovative technologies.