China: Redpoint Ventures closes China focused $180m VC fund; General Motors invests in Chinese car-sharing start-up

China: Redpoint Ventures closes China focused $180m VC fund; General Motors invests in Chinese car-sharing start-up

The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook

California based Redpoint Ventures has closed its debut China-focussed fund at $180 million, while General Motors has invested in a car-sharing start-up looking to tap into the regional ride-sharing market.

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