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Chinese hard tech investor CAS Star crosses $1 4b AUM with new RMB fund

Targeting a final close of 2.5 billion yuan, the fund will back hard tech across areas like new materials, new energy, and life sciences.

Li haoJd energyEnterprise venture capital partnershipWayzim technologyXian institute of opticsSinoscience fullcryo technologyDevelopment fundYuanjie semiconductor technologyHard tech smallXi an institutePrecision mechanicsChinese academyBeijing sinoscience fullcryo technology

Editor s take: The week that was—Aug 7-12

Southeast Asian startups raked in $1.78 billion in July, buoyed mainly by Alibaba’s $845 million infusion into e-commerce unit Lazada.

Abu dhabiAbuz abyUnited arab emiratesJakarta rayaSouth koreaRepublic ofJoe bidenVijay shekhar sharmaJoost bilkesReform fundNational pension service of koreaAbu dhabi investment authorityVision fundSinoscience fullcryo technologyIntas pharmaceuticalsSingapore capitaland investment

Chinese cryogenic equipment maker Fullcryo bags $111m in Series C round

Previously, it bagged 300 million yuan ($46.5 million) in a Series B round led by Sinopec Capital in April 2022.

Chinese academy of sciencesReform fundYuexiu financial holdingsSinoscience fullcryo technologyChina construction bankSouth china morning postYuexiu industrial fundBeijing sinoscience fullcryo technologyMixed reform fundEquity investment managementChina merchants capitalCommercial bankSinopec capitalSouth china morningChinese academy

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