China’s Shunwei Capital announces close of new funds at $1.21b

Shunwei Capital's Lei Jun
Xiaomi co-founder and CEO Lei Jun (pictured here) co-founded Shunwei Capital, along with Tuck Lye Koh. Photographer: Giulia Marchi/Bloomberg

Chinese venture capital firm Shunwei Capital has closed a total of $1.21 billion for new funds, according to an announcement on its Linkedin page.

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