Top Chinese investor settles in SND

ChinaEquity Group announced its settlement in the Suzhou Finance Town of Suzhou New District, Jiangsu province at a summit held in the district on May 15.

The investment company, one of the first and largest private equity/venture capital firms in China, has made over 100 investments involving a wide range of industries, such as high-end consumer and retail, clean energy, and healthcare.

The PE/VC company plans to establish a 500 million yuan ($72.67 million) fund in the district with artificial intelligence, consumption upgrading, and science and technology finance as its key investment fields.

Huarui Xingzhi Technology (Beijing) Co and Yee Coffee, both of which are invested by ChinaEquity, have also settled in Suzhou New District.

Huarui Xingzhi is a national high-tech company focusing on developing new-generation AI technologies and a solution supplier of intelligent flexible plants for manufacturing companies.

Yee Coffee is a supplier of self-service coffee vending machines, which are available in schools, airports and cinemas around China.

In recent years, the Suzhou New District has focused on constructing itself into a financial hub by attracting various financial institutions.

To date, more than 500 financial institutions, including ChinaEquity, have landed in the Suzhou Finance Town with a total capital of nearly 100 billion yuan.