A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's "hard tech" sectors amid tightening US export curbs (Ann Cao/South China Morning Post)

<a href="https://www.scmp.com/tech/tech-war/article/3356480/china-chip-giants-form-us577-million-patient-capital-fund-counter-us-tech-curb"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260609/i6.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260609/p6#a260609p6" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Ann Cao / <a href="http://www.scmp.com/">South China Morning Post</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.scmp.com/tech/tech-war/article/3356480/china-chip-giants-form-us577-million-patient-capital-fund-counter-us-tech-curb">A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's &ldquo;hard tech&rdquo; sectors amid tightening US export curbs</a></b></span>&nbsp; &mdash;&nbsp; Chip giants launch a 3.91 billion yuan private equity fund to boost the country's &lsquo;hard tech&rsquo; sectors amid tightening US export curbs</p>