Chinese conglomerate Fosun's VC arm closes third RMB fund at $317m

Chinese conglomerate Fosun's VC arm closes third RMB fund at $317m

Photo: Eric Prouzet/Unsplash

Fosun RZ Capital, the venture capital arm of Chinese conglomerate Fosun International, has closed its third RMB-denominated fund at 2 billion yuan ($316.7 million), per its announcement on Thursday.