Real estate developer San Sheng Hong Ye is among the limited partners for a venture fund formed by the city of Suzhou and private equity firm Shenzhen Capital.
Property firm San Sheng Hong Ye has contributed to a China-based venture capital fund with an overall capital target of RMB5bn ($732m), China Money Network reported on Wednesday.
Suzhou Hongtu Big Data Venture Capital Fund is an initiative formed jointly by private equity firm Shenzhen Capital Group, which will manage it, and the municipal government of Chinese city Suzhou.
The fund, which will raise an initial RMB500m, has also attracted commitments from Zhangjiagang Jinmao Investment Development and a planned new…
