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Shanghai Stonehill Technology Subsidiary to Invest in Digital Economy PE Fund

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Shanghai Stonehill Technology (SHE:002195) subsidiary Hainan Ruihong Venture Capital will commit 30 million yuan as a limited partner to a private equity fund, according to a Thursday filing with the Shenzhen bourse.

The investment is equivalent to 8.8% of the 341-million-yuan Shanghai Shuyu Dingyuan Phase II Private Equity Investment Fund Partnership, the filing said.

The fund will invest in the digital economy, including artificial intelligence, industrial internet, cloud-native technologies, big data, and the digital health, green economy, and cultural/creative sectors.

Shares of the internet information services company fell 1% during afternoon trading on Thursday.

What else is happening in Asia?

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