Legend Capital announced that its US$400M fourth fund will receive the investment from Pudong New Area Venture Capital Guidance Fund. It is for the first time that Legend Capital absorbs domestic capital as its preferred limited partner since it was established seven years ago and began to establish the fourth fund.

On the morning of July 21, Shanghai Pudong Science and Technology Investment Co., Ltd. (hereinafter referred to as "Pudong S&T Investment") and Legend Capital Co., Ltd. (hereinafter referred to as "Legend Capital") held a signing ceremony for reaching fund investment cooperation agreement. Under the agreement, Pudong S&T Investment, on behalf of the Pudong New Area Venture Capital Guidance Fund, invested in the fourth fund of Legend Capital.

Legend Capital-launched Fund IV, with a total size of US$400M, will focus on IT industry (like Internet applications & services, outsourcing and professional services, chip design and critical components) as well as consumer goods, clean energy, bio/healthcare and other growth investment opportunities. The first three funds launched by Legend Capital invested in Spreadtrum, VeriSilicon, Huahong and other IT-based enterprises in Pudong.