Shanghai Pujian Chuangyuan Launches 2 Billion RMB Private Equity Fund with China Internet Investment Fund and Pudong Venture Capital

Shanghai Pujian Chuangyuan Lingji Private Equity Fund Partnership was recently established with a capital commitment of approximately 2 billion RMB, focusing on equity investment and asset management. The fund is jointly backed by China Internet Investment Fund, Shanghai Pudong Innovation Investment Group, and CCB Financial Asset Investment, signaling strategic collaboration in the private equity sector.

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MiniMax Boosts Registered Capital to $7.6 Billion in Second Major Funding Round This Year, Signaling Aggressive AI Expansion

MiniMax, a leading Chinese AI company, has significantly increased its registered capital from 40 billion to 55 billion yuan ($7.6 billion) in its second major capital infusion this year. The move, following a 30-billion-yuan raise in May, highlights aggressive expansion plans in AI foundational software, application development, and system integration.

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