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Hillhouse Group and Chinese Local Government Set Up $783.5 Million VC Fund
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Hillhouse Group and Chinese Local Government Set Up $783.5 Million VC Fund

Nov 19, 2021
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Hillhouse Group and Chinese Local Government Set Up $783.5 Million VC Fund
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(Source: pe-insights)

Chinese domestic media outlet The Paper reported on Wednesday that Chinese venture capital (VC) firm Hillhouse Capital Group and the district government of Xishan in Wuxi, Jiangsu province will set up a 5 billion yuan ($783.5 million) VC fund to invest in fields such as biotechnology, carbon neutrality and manufacturing.

The agreemen…

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