China's Gaorong Capital plans to raise $1b for its fifth dollar-denominated fund

China's Gaorong Capital plans to raise $1b for its fifth dollar-denominated fund

Beijing, China. Source: Li Yang/Unsplash

Gaorong Capital, an early- and growth-stage venture capital firm, which targets investments in TMT (technology, media, telecom), internet, and technology firms, is looking to raise its fifth USD-denominated fund for $1 billion, AVCJ reported on Wednesday.