China's Winreal Investment holds first close of new RMB fund at nearly $150m

China's Winreal Investment holds first close of new RMB fund at nearly $150m

Photo by Frederik Lipfert on Unsplash

China’s Winreal Investment has held the first closing of a new RMB-denominated fund at 1.3 billion yuan ($149.5 million) as the investment company targets a hard cap of no more than 2 billion yuan ($293 million) to invest in 5G development.