Yuyuan Tourist Mart approves $84m commitment

The Shanghai-based tourism firm has backed a domestic venture capital fund.

Institution: Yuyuan Tourist Mart
Headquarters: Shanghai, China
AUM: 100.77 billion yuan

Yuyuan Tourist Mart has confirmed a 600 million yuan ($84.3 million; €75.2 million) commitment to Fosun Consumption and Technology Fund. The fund is managed by Ningbo Meishan Zhuozheng Venture Capital Management and focuses on the consumer goods and technology sectors in China.

As illustrated below, this is the first time Yuyuan Tourist Mart has committed to a private equity fund.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.