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From Zero2IPO news of June 30, an overseas media reported that, Yan Xiaoping, general manager of Fortune VC Beijing Branch, revealed recently, their first USD fund just entered the late stage of fundraising, and planned to accomplish in Q3’10, raising about US$75.00M. He also said, Fortune VC had no plan on raising RMB funds within one year.
Yan Xiaoping said, Fortune VC planned to invest in about 20 projects this year, whose amount is up to RMB500.00-RMB600.00M. It has already invested more than 10 projects. The amount for each project was from RMB30.00M to RMB40.00M. Yan Xiaoping pointed out that, Fortune VC was still optimistic about culture media, consumer services, modern agriculture and energy saving industry that have been attracted its attention. Meanwhile, they are still cautious about Internet games and other individual industries.
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