FXiaoke and IDG partner on $20m fund

Nov 20, 2015 • Robert Lavine

IDG Capital Partners and FXiaoke are teaming up for a fund that will invest in early-stage China-based sharing economy software developers.

China-based enterprise software provider FXiaoke and IDG Capital Partners, media firm International Data Group’s local venture capital affiliate, are among the founders of a new $20m fund, China Money Network reported yesterday

FXiaoke and IDG Capital launched the fund, which will target software-as-a-service providers in China, alongside venture capital firm Northern Light Venture Capital and investment adviser China Soft Capital.

The fund will invest in startups developing software for the sharing economy. It will be jointly managed by IDG, Northern…

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