SHANGHAI :
Hillhouse Capital Sets Up USD1.4 Billion Fund for Early-Stage Startups
Yicai Global
DATE:  Feb 24 2020
/ SOURCE:  yicai
 Hillhouse Capital Sets Up USD1.4 Billion Fund for Early-Stage Startups Hillhouse Capital Sets Up USD1.4 Billion Fund for Early-Stage Startups

(Yicai Global) Feb.24 -- Hillhouse Capital Group, a  Chinese investment firm that has backed many prominent internet and consumer  companies, has set up a new CNY10 billion (USD1.4 billion) fund to invest in  early-stage startups.   

The fund, named GL Ventures, will operate in dollars and  yuan and invest between CNY3 million and CNY30 million into new firms, Hillhouse  said today. GL Ventures will focus on companies producing biomedical and medical  devices, software services, consumer technology, and emerging consumer  brands.   

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Keywords:   Hillhouse Capital Group,GL Ventures,investment