China's TMT-focused investor XVC seeks to raise $325m for third venture fund

China's TMT-focused investor XVC seeks to raise $325m for third venture fund

Shanghai, China. Photo by Li Yang on Unsplash

XVC, a Beijing-based venture capital firm, targets to raise $325 million for its third US dollar-denominated venture fund, XVC Fund III, its filing with the US Securities and Exchange Commission showed.