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Chinese Pe Firm Gsr Ventures Closes $400M Fund To Invest In Tech Start-ups – China Money Network

by chinamoneynetwork.com posted 2months ago 28 views
Chinese private equity firm GSR Ventures, an early backer of the country’s ride-hailing giant Didi Chuxing, has closed a new US$400 million fund to invest in technology start-ups. The new Fund VI, which is denominated in the US dollar, will focus on early-stage investments, said Bloomberg citing James Ding, managing director at GSR Ventures. "It was about US$400 million,” Ding said about the fund. "We only invest in seed and A rounds with a little bit of B round so … Chinese PE Firm GSR Ventures Closes $400M Fund To Invest In Tech Start-Ups appeared first on China Money Network.

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