Tencent will invest in the Innovation Factory Development Fund RMB Fund (VC309)

On June 6, Tencent and the domestic famous investment institution Innovation Workshop jointly announced that Tencent will invest in the RMB fund of the Innovation Workshop Development Fund. The total size of the fund is 700 million yuan, which is used to support enterprises incubating innovative workplaces or other high-quality Internet technology companies in the early and middle stages.

The Innovation Workshop RMB Fund will directly or indirectly use the vast majority of funds to incubate enterprises (seed period and early Internet technology companies) or other Internet technology companies with new business ideas and good development prospects in the middle and early stages. Equity investment. The fund's key investment industries include Internet applications, mobile Internet applications, e-commerce, and cloud computing applications.

Kai-fu Lee, Chairman and CEO of Innovation Workshop, welcomed Tencent's investment. "We believe that this cooperation with Tencent will give full play to the value and experience of Tencent's Internet platform and bring more value-added significance to technology companies in entrepreneurship."

Since its establishment in September 2009, the Innovation Workshop has invested in and incubated 35 projects with an investment of more than 200 million yuan, applied for more than 20 domestic and foreign patents, and attracted more than 500 senior talents at home and abroad. Investment institutions at home and abroad have already extended olive branches to the hatchery projects.

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