Chinese company founded by former Google exec set to raise $500m

Sinovation Ventures to expand investment on AI, big data

20211119 Lee

Venture capital specialist Sinovation Ventures was founded by former Google executive Kai-Fu Lee. © Reuters

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- Sinovation Ventures, the Chinese venture capital firm founded by former Google executive Kai-Fu Lee, has filed with the U.S. Securities and Exchange Commission to raise $500 million for its fifth flagship venture vehicle.

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