Shunwei Capital Partners Closes Its First RMB-denominated Fund (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Winnie Liu

China-focused venture capital firm Shunwei Capital Partners has closed its first RMB-denominated fund with RMB1 billion (approximately US$160 million) in capital commitments. The fund will invest in the areas of intelligent hardware, mobile internet, online finance, online education and travel sites. Shunwei previously raised two USD-denominated funds, with the most recent one holding a final close in June 2014.