Beijing-based Venturous, Lioncrest merge to raise $200m for smart city fund

Beijing-based Venturous, Lioncrest merge to raise $200m for smart city fund

(L to R) Peter Tung, Valerie Chou, Benson Tam and Johan Riddergard

Venturous Global, formed by the merger between Beijing-based investment firm Venturous and Lioncrest Global, will create a capital pool worth $1 billion for backing China-focused smart city companies.