IDG Capital, HK's Towngas reach first close of zero-carbon fund at $713m

IDG Capital, HK's Towngas reach first close of zero-carbon fund at $713m

Photo by Tyler Casey on Unsplash

A zero-carbon technology investment fund, jointly launched by IDG Capital and Hong Kong’s sole piped-gas supplier, Hong Kong and China Gas Company (Towngas), has raised 5 billion yuan ($713.4 million) as China ramps up efforts to meet its goal of achieving carbon neutrality by 2060.

Edited by: Padma Priya

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