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China launches $14.6 bn investment fund to support internet companies

Monday, January 23, 2017 | More »

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China has launched an investment fund worth 100 billion yuan ($14.6 billion) to support internet firms, state-run Xinhua news agency reported. The fund has already raised around 30 billion yuan from state-owned banks and companies out of which 10 billion yuan has been invested by the Industrial and ...