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05 Feb

Nio Capital completes over CNY 3 billion fundraising

Shanghai-based investment company Nio Capital announced Monday it has raised over CNY 3 billion ($422 million) in its second Renminbi fund round, Kallanish learns. The funds will used to invest in fields including the new energy vehicle industry ecosystem, energy technology, and the intelligent manufacturing. Unnamed local government guidance funds, national-level funds, family offices and listed companies are part of the “limited partners” in th…
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