
Nanjing allocates nearly $3 billion in venture funds for deep-tech
The fund will primarily invest through specialist venture capital managers while reserving a limited allocation for direct investments.

The fund will primarily invest through specialist venture capital managers while reserving a limited allocation for direct investments.

Many view the Nanjing-Hangzhou race as yet another example of China’s relentless intercity competition, but it is not a zero-sum game on closer inspection.