As part of China’s structural reform, BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to support Chinese companies expanding overseas.
BAI Capital targets China’s globalizing startups with fresh $700M fund – TechCrunch
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas. The announcement follows on the heels of the closing of several other big-ticket funds, quelling speculation that foreign capital for Chinese tech is drying up amid a slowing economy.
Link: BAI Capital targets China’s globalizing startups with fresh $700M fund
via techcrunch.com
