China’s Qingsong raises $129m early-stage tech fund
Qingsong Fund, a Chinese VC firm formed by Alvin Liu, an angel investor and co-founder of Tencent Holdings, has closed its third renminbi-denominated fund at RMB850 million ($129 million).
More than 30 domestic LPs committed capital to Qingsong Fund III, including Shenzhen Guidance Fund, SDIC Chuanghe National Venture Capital Fund, Qianhai FoF, Zhenjiang State-Owned Investment Holding Group,...
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