The acquisition comes a month after ABFRL acquired ethnic apparel and lifestyle retailer Jaypore.
The startup is in the process of raising another $6.5 million to complete its Series B funding round.
Jimu targets users under the age of 25, who are mostly from tier-1 and tier-2 cities in China.
Thomas Miao said Huawei would add 1,000 jobs in the country.
The wealth fund said it decided to exit its investment in the consortium since its commercial objectives had been met.
The Budweiser owner needs to find a new way to reduce its $100 billion-plus debt pile.
VeriSilicon, headquartered in Shanghai, has R&D centres at home and in the United States.
The stake sale is likely to attract interest from Asian banks in markets such as Japan and South Korea, among others.
Vezet group operates in 123 Russian cities under the Vezet, Taxi Saturn, Fasten and Red Taxi brands.
It has opened its platform to third parties including those of FAW, Dongfeng, and Guangzhou Automobile.
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