Chinese venture capital firm Eastern Bell Capital has raised more than 13 billion yuan ($2.04 billion) in its latest funding round, boosting the firm’s investment firepower in the world’s second largest economy.
The investor in electric-car maker Xpeng Inc and Uber-like truck startup Full Truck Alliance Co raised the cash via a yuan-denominated fund and a greenback fund, the corporate mentioned in a press release on Tuesday, with out giving an additional breakdown.
China’s enterprise capital and personal fairness corporations arrange 7358 new funds within the first eleven months of this yr, elevating a complete of $645.8 billion, in response to a analysis observe by CVINFO, an establishment monitoring the enterprise capital and personal fairness trade in China.
Read more/Source: Reuters
