Shunwei raises $525m for second China VC fund
Shunwei Capital Partners, a Chinese VC firm set up by Lei Jun (pictured), a noted angel investor and founder of mobile phone brand Xiaomi, has closed its second fund at $525 million.
The vehicle, which had a target of $500 million, was substantially oversubscribed, with strong demand from existing institutional LPs. Sources estimate the fundraising process took about two months. Regulatory...
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