December 1, 2017 / 12:33 PM / 17 days ago

BRIEF-China Vanke's unit to set up fund worth 7.5 bln yuan with Alibaba's venture capital affiliate, partners

Dec 1 (Reuters) - China Vanke Co Ltd:

* SAYS UNIT INVESTS 1.05 BILLION YUAN ($158.92 million) TO SET UP CULTURAL INVESTMENT FUND WORTH 7.5 BILLION YUAN WITH PARTNERS INCLUDING ALIBABA'S VENTURE CAPITAL AFFILIATE Source text in Chinese: bit.ly/2noeW02 Further company coverage: ($1 = 6.6070 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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