Apr. 16, 2012
Fidelity Investments has announced a new $250 million China VC fund, half of which will be devoted to healthcare investments. The company expects its three current China VC funds - which together represent about $450 million in capital - will be fully invested by the end of 2012. The new fund will be denominated in RMB, giving Fidelity more possibilities for investment targets. Fidelity has been active in China for sixteen years.