China's Glory Ventures raises over $188m for RMB Fund IV, targets $235m

China's Glory Ventures raises over $188m for RMB Fund IV, targets $235m

Shanghai, China. Photo by Li Yang on Unsplash

Glory Ventures, an early and mid-stage IT sector investor, has raised over 1.2 billion yuan ($188.4 million) for its fourth RMB-denominated fund with a final fundraising target set at 1.5 billion yuan ($235.4 million).