Reported 5 months ago
Source Code Capital, an early backer of ByteDance, is planning to raise a $300 million venture capital fund, one of the largest in China, led by partner Samuel Huang. This move comes as interest in startups grows during the AI boom, with investors cautiously exploring opportunities in tech circles. The fundraising, alongside other recent funds, will be a key indicator of renewed bets on China's tech sector amid a decrease in venture funding and increased caution from US investors. Founded in 2014, Source Code manages around $5 billion and has invested in companies like Meituan and AI chipmaker Shanghai Biren Technology Co.
Source: YAHOO