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Lightspeed China Partners announced on its official website that it had completed fundraising totaling $920 million, with a total fund size under management reaching $3 billion.
According to a document submitted by Faraday Future to the US Securities Regulatory Commission on July 15th, the cornerstone investors who initially planned to invest 175 million US dollars will not take a stake in the company.
Chinese investment institution Source Code Capital announced on Wednesday that Chang Kaisi was promoted to partner.
In last week’s VC news, Kuaikan raised the biggest funding round ever in the country’s comics industry, chip maker Pingxin Technology closed a $10 million Pre-A round, while Geely’s Zeekr closed its first external financing round.