The Pudong Entrepreneurial Investment Fund said Monday it will invest US$7 million in Legend Capital’s fourth venture capital fund, China Business News reported. The US$400 million fund will be invested over two years with 60-70% earmarked for the IT, media and telecoms sectors and 20-30% for the retail sector, according to Chen Hao, chairman and general manager of Legend Capital. It is targeted at small and medium-sized enterprises (SMEs) in Shanghai’s ...