China’s state-backed SME fund leads round for Tianyancha
China’s National Small & Medium Enterprises Development Fund has led a RMB130 million ($18 million) Series A round for Tianyancha, a Beijing-based business data search firm.
The deal marks the first investment made by the government-backed vehicle, which is managed by THG Ventures, a venture capital arm of Tsinghua Holdings. Operated by Beijing Jindi Technology, Tianyancha...
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