Newswire Reuters said Legend Capital would raised funds of at least RMB1bn ($150m) and $350m and invest in government-supported sectors, such as telecommunications, green energy and pharmaceuticals.
China-based Legend Capital, a corporate venturing unit of local computer maker Legend, will start raising a local currency and dollar fund for at least an aggregate $500m.
Newswire Reuters said the funds would be for at least RMB1bn ($150m) and $350m and invest in government-supported sectors, such as telecommunications, green energy and pharmaceuticals.
