Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage "hard technology" startups valued below ¥500M, or about $71M (Reuters)

Reuters: Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage “hard technology” startups valued below ¥500M, or about $71M  —  China on Friday launched three venture capital funds to invest in “hard technology” areas, state br…