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Mizuho to launch tech-focused investment fund in China

Brokerage will partner with Cybernaut to back AI and fintech startups

Mizuho Securities wants to bolster its overseas presence with its new investment fund formed with Chinese venture capital firm Cybernaut.   © Reuters

TOKYO -- Mizuho Securities has teamed with one of China's top venture capital firms to launch an investment fund targeting Chinese companies in fields like artificial intelligence and financial technology.

The fund, to which Mizuho will initially commit $20 million, will be managed by Cybernaut Investment Group and New Frontier Capital Management (Hong Kong), in which Mizuho owns a stake. Mizuho and Cybernaut hope eventually to expand the portfolio to about $300 million.

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