BEIJING, Sept 4 (Bernama-BUSINESS WIRE) — Xiang He Capital, the China TMT focused venture capital firm founded by former Baidu executives Mr. Hesong Tang and Ms. Maggie Yang, has recently closed its second USD-denominated venture fund at the increased hard cap of $425 million.
The Fund was well oversubscribed, exceeding the $350 million target and with demand beyond the hard cap. LP support came from existing and new investors from across the United States, Europe, the Middle East and Asia-Pacific, representing global consultants, leading university endowments, foundations, family offices, pensions, and fund-of-funds.
