Ann Cao / South China Morning Post:

A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's “hard tech” sectors amid tightening US export curbs  —  Chip giants launch a 3.91 billion yuan private equity fund to boost the country's ‘hard tech’ sectors amid tightening US export curbs

Ann Cao / South China Morning Post:

A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's “hard tech” sectors amid tightening US export curbs  —  Chip giants launch a 3.91 billion yuan private equity fund to boost the country's ‘hard tech’ sectors amid tightening US export curbs

Source: TechMeme
Source Link: https://www.techmeme.com/260609/p6#a260609p6