1955 Capital, founded by Khosla Venture’s former head of China Andrew Chung, has reached an initial closing of US$200 million in anchor commitments, says a company announcement. The close exceeds its initial target and makes it one of the largest first-time independent venture firm launches in recent years. The fund will invest in technologies developed […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.