SHANGHAI, July 24, 2023 /PRNewswire/ — Panlin Capital, a leading venture capital firm focusing on Chinese technological innovation, announced the successful closing of its 12th RMB-denominated main fund, “Chengdu Panlin Xiangxu Fund”. This fund is the first established by Panlin Capital in Chengdu, and it is another highly institutionalized RMB fund established by Panlin Capital after its Shanghai Science and Technology Innovation Flagship Fund. Panlin Chengdu Xiangxu Fund is a strategic move made by Panlin Capital in Chengdu against market trends, with the support of both new and old investors. In addition to reinvestments from entrepreneur-represented veteran investors, the fund...