Alibaba, C-Micro and Partners Establish Private Fund with 3.91 Billion Yuan

According to Qichacha, a private investment fund called Changzhi Hanhai was recently established with a total contribution of 3.91 billion yuan. The fund is held by Changxin Xingjuji Equity Investment (Anhui), Hangzhou Haoyue Enterprise Management (an Alibaba-affiliated company), and C-Micro Semiconductor (Shanghai), among others.
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