Cosco Shipping provided $800m for Cofco subsidiary Cofco Fortune while Avary Holding invested $136m in Interconnected Semiconductor Technology.
![A man and a woman holding a test tube](https://globalventuring.com//content/uploads/2023/01/pexels-artem-podrez-5726837.jpg)
Funds
Imbiba, a UK-based venture capital firm targeting lifestyle and entertainment investments, reached the £70m ($86m) first close of a £90m fund with backing from limited partners including Asahi UK, part of beverage producer Asahi Group. British Business Bank’s Enterprise Capital Funds scheme also contributed to the close.
India-based VC firm Z3Partners has raised roughly $67m for the final close…