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Chinese private fund invests in Russian hi-tech

Russia seeks to unlock Chinese private financing for Russian technology companies.

Russia and Chine have previously spoken of the rich opportunities for Chinese investors in Russia, however, long-running negotiations did not appear to make any practical progress. But things may change now Moscow has been courting China as an alternative source of funding. But Chinese financial institutions have so far been slow to fill the gap. Until now, Chinese private investors have shown little interest in its northern neighbour until now, having made only a handful of real estate investments. Things do change with when DeHeng Law Offices, a top-5 law firms in China with 70 offices, forms a $100 million-size private equity fund to search for promising Russian technology companies.