China's consumption-focused NX Fund completes first close of maiden USD fund

China's consumption-focused NX Fund completes first close of maiden USD fund

Image from Unsplash by Nuno Alberto.

The NX Fund, also known as Neixiang Fund, has completed the first close of its maiden US dollar-denominated fund to invest exclusively in early-stage consumer brands and products, it said in an announcement.

Major investors of NX Fund’s first RMB-denominated fund re-upped in this fund, while new investors including top investment institutions and entrepreneurs participated in the fund, the release added, without divulging any names. The financial details of the USD-denominated fund were also not disclosed.

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