China Digest: BA Capital closes third RMB fund at $349m; Kneron, Leader bag funding

China Digest: BA Capital closes third RMB fund at $349m; Kneron, Leader bag funding

Photo by Leon Liu on Unsplash

BA Capital announced the close of its third RMB-denominated fund while Horizon Ventures led a $48-million Series B round in AI firm Kneron. Separately, Leader Environmental Technologies has entered a definitive agreement with the special purpose vehicle of Chinese cleantech fund InnoVision Capital for a $15-million convertible bond investment.

BA Capital closes third RMB-denominated fund

Black Ant Capital, also known as BA Capital, has closed its third RMB-denominated fund at 2.5 billion yuan ($348.8 million), according to a report by Chinese online publication PEdaily.cn on Monday. 

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