Joey Dai has left his position as general manager of CyberAgent Ventures China, a corporate venturing subsidiary of Japan-based internet company CyberAgent, to set up a new fund, The Bridge reported yesterday.
Dai, who had worked at the unit since 2007, is now looking to raise approximately $30m for his new venture capital firm, Gravity Venture Capital. The fund is expected to close by the end of the month.
Gravity will focus on offline-to-online startups such as international e-commerce and…
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