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IDG Capital and Hong Kong’s Towngas Set Up $1.6 Billion Zero-Carbon Tech Fund
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IDG Capital and Hong Kong’s Towngas Set Up $1.6 Billion Zero-Carbon Tech Fund

Jan 24, 2022
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IDG Capital and Hong Kong’s Towngas Set Up $1.6 Billion Zero-Carbon Tech Fund
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(Source: IDG Capital)

The Hong Kong and China Gas Group (Towngas) and IDG Capital jointly announced the establishment of a zero-carbon technology investment fund on Monday, with a total scale of 10 billion yuan ($1.6 billion) and an initial fundraising scale of 5 billion yuan.

The initial 5 billion yuan will be invested in zero-carbon technology-related i…

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