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Market Chatter: Chinese Venture Capitalist Monolith Raises $289 Million in Funding Round

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Chinese venture capital fund Monolith Management raised $289 million in a fundraising round to back more tech startups, Bloomberg reported Wednesday, citing people familiar with the deal.

Monolith surpassed its $265 million fundraising target, the report said.

The fund's portfolio includes artificial intelligence startup MoonShot AI.

Monolith was not immediately available for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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