Qingsong Fund, a venture capital firm founded by Alvin Liu, a co-founder of Tencent Holdings Ltd., has launched its third investment vehicle with RMB850 million (US$129 million) in committed capital. The new fund will focus entertainment, education, consumer demand and artificial intelligence. More than 30 limited partners have committed to the fund, including Shenzhen Guidance Fund, Guotouchuanghe National Guidance Fund, Qianhai Fund of Funds, Zhenjiang State-Owned Investment Holding Group, Redbud Capital and Jingbei Investment, according to a company announcement. Founded …

Qingsong Fund Launches Third Venture Capital Vehicle At $129M appeared first on China Money Network.