• Lightspeed announces new $560 million fund for China

    5 monthes ago - By Tech Crunch

    Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million.
    The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China's up-and-coming startups that are challenging the country's internet establishment - they are Meituan, the super app firm that specializes in deliveries, and Pinduoduo, a group e-commerce company that is threatening Alibaba's...
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