China’s Sinovation Ventures set to raise $500m for latest vehicle

China’s Sinovation Ventures set to raise $500m for latest vehicle

Sinovation Ventures founder Kai Fu Lee. Photo: Bloomberg.

Sinovation Ventures, the Chinese venture capital firm founded by former Google Inc executive Kai-Fu Lee, has filed with the US Securities and Exchange Commission (SEC) to raise $500 million for its fifth flagship venture vehicle.