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Shenzhen Capital, state-backed manufacturing fund launch $4b new materials vehicle

Shenzhen Capital, state-backed manufacturing fund launch $4b new materials vehicle

Photo by Xi Wang on Unsplash

China’s state-owned national manufacturing fund and venture capital firm Shenzhen Capital have teamed up to launch a new materials fund with a corpus of 27.5 billion yuan ($4 billion), the VC firm announced on WeChat on September 11.