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Legend Group seeks venture fund capital The company plans to use the money to invest in information technology firms.
(From South China Morning Post)
Byline: Hui Yuk-min
Legend Group Holdings, parent of China's largest personal computer maker Legend Holdings, plans to raise US$60 million to $70 million from domestic and overseas investors for its venture-capital fund to nurture domestic information technology companies.
"Our goal is to provide funding to help the growth of IT start-up companies. We have the network here and we know the sector well," said Zhou Jianhui, a spokeswoman for Legend Capital, the venture-capital arm of Legend Group Holdings.
The venture plans to invest about 70 per cent of the funding into IT companies, while the remainder will be …
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