Shunwei raises $1.2b for fourth China VC fund
Shunwei Captial Partners, a Chinese VC firm established by Xiaomi founder Lei Jun (pictured), has closed its fourth US dollar-denominated VC fund at $1.21 billion. The firm’s assets under management (AUM) now stand at $3.3 billion across four US dollar funds and two renminbi vehicles.
Regulatory filings from July indicated that Shunwei China Internet Fund IV and Shunwei China Internet Opportunity Fund III each had a target of $600 million. From its second fundraise onwards, the venture...
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