I
nvesting in China is nothing new for U.S. venture capital firms, but
recently these have firms begun raising local-currency funds to make it
easier to invest in homegrown start-ups.
One of the latest to raise such a fund is Menlo Park, Calif.-based
DCM, which VentureWire
reported today that it raised CNY200 million ($29.5 million) for a
new Chinese currency fund.
Investors like DCM are turning to Chinese yuan funds to invest in industries that might otherwise be off limits, like media and financial services companies, and to cut through some of the red tape that investing via foreign-currency denominated funds in China entails.
To read the full, original article click on this link: Venture Capital And The Power Of Yuan - Venture Capital Dispatch - WSJ
Author: Tomio Geron
