China's LongCapital hits first close of $141m deeptech fund

China's LongCapital hits first close of $141m deeptech fund

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Chinese investment firm LongCapital has held the first close of its third deeptech fund, as it targets to hit the final close of 1 billion yuan ($140.6 million) this year, according to a company announcement on Monday. 

Edited by: Joymitra Rai