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Bosch plans to invest nearly $38 million into HCFA, while Chinese home meal products brand Guoquan Food has raised $52.6 million in a Hong Kong IPO.
Supply chain-focused Chinese VC Buhuo Ventures closes master fund at $243m Fund May 18, 2021 Buhuo Ventures, a Beijing-based venture capital firm specialising in early- and growth-stage startups, announced on Tuesday that it has secured the final close of a new master fund at 1.565 billion yuan ($243 million). The master fund comprises an 818 million yuan ($127 million) RMB-denominated fund — Buhuo’s second — and a $115 million maiden USD fund. In the statement, Buhuo said the capital commitments for the RMB fund came from leading Chinese financial groups, investment firms, govt-led i...
Beijing-based VC Buhuo Ventures raises first USD fund via yuan-to-dollar restructuring Source: Eric Prouzet/Unsplash. May 4, 2021 Beijing-based investment firm Buhuo Ventures has completed a yuan-to-dollar fund restructuring to raise its maiden US dollar venture capital (VC) fund at over $100 million. As part of the process to create the US dollar fund, Buhuo transferred partial stakes in four assets from its initial yuan fund Buhuo Ventures RMB Fund I, a 500-million-yuan, 2017-vintage vehicle, and an associated special purpose vehicle (SPV) into Buhuo Venture USD Fund I, the firm announced i...
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