China-focused venture capital fund manager Linear Venture has reached a final close for its second fund with approximately US$70 million in capital commitments. The fund comprises both RMB- and U.S. dollar-denominated tranches. Investors in the fund include an Asia-focused hedge fund, as well as founders and executives of internet companies including Alibaba Group, Tencent Holdings, Baidu, Meituan-Dianping, Qunar, Baixing, Facebook, Twitter and LinkedIn. Linear Venture typically invests in seed and pre-Series A rounds for data-driven and artificial intelligence companies.