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Shenzhen, China Backs $79 Million Fund To Support City’s Blockchain Startups

Published 04/23/2018, 11:52 AM
Updated 04/23/2018, 01:02 PM
Shenzhen, China Backs $79 Million Fund To Support City’s Blockchain Startups

The launch of a 500 mln yuan (about $79 ml) Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22.

Yesterday’s announcement at the China Electronic Commerce Association-hosted Expo stated that the Shenzhen Angel Investment Guidance Fund, an almost $8 bln fund launched in late March, will contribute 40 percent.

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