China, SE Asia-focused ZWC Partners raises $774m for USD, RMB funds

Patrick Cheung, Founding & Managing Partner, ZWC Partners, speaks at the Asia PE-VC Summit 2019 in Singapore.

Chinese venture capital firm ZWC Partners on Tuesday announced that it raised more than 5 billion yuan ($774 million) for US dollar and RMB-denominated funds during the pandemic.

ZWC, which has offices in Beijing, Shanghai, Shenzhen and Singapore, invests in startups in China and Southeast Asia with interests in consumer tech, enterprise services and industry technology.

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