China Digest: Qingsong Fund III launched; Goldman, Hillhouse back Arrail Dental

Qingsong Fund, backed by Tencent’s co-founder, has launched the latest fund with $129 million in committed capital while Arrail Dental has raised $90 million series D from Goldman Sachs and Hillhouse Capital.

Qingsong Fund III launched

Qingsong Fund, a Chinese early-stage venture capital fund, has announced its third vehicle with RMB850 million ($129 million) in committed capital to invest in entertainment, educational technology and artificial intelligence firms.

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