Fundraisers

Beijing Xiaomi Enterprise Management raises $1.3bn

The Beijing-based investment firm's fund will invest in the TMT sector.

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Fund name: Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund
Amount raised: 9.03 billion yuan ($1.30 billion, €1.23 billion)
Target size: 10 billion yuan
Stage of Fundraising: Second close

Beijing Xiaomi Enterprise Management has held a second close on 9.03 billion yuan for Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund.

Capital raised for the fund will be used to invest in unlisted companies focusing on technologies including integrated circuits and semiconductors. The fund is targeting a final close on 10 billion yuan.