Investing in China is nothing new for U.S. venture capital firms, but recently these have firms begun raising local-currency funds to make it easier to invest in homegrown start-ups.

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Investors like DCM are turning to Chinese yuan funds to invest in industries that might otherwise be off limits, like media and financial services companies, and to cut through some of the red tape that investing via foreign-currency denominated funds in China entails.

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Read the full story on the WSJ Blog.

China Venture Capital