Source Code Capital, an early investor in TikTok parent company ByteDance, is preparing a $300 million artificial intelligence venture capital fund, the company's first major investment move since 2021, the source added, adding that the investment amount has not been finalized and is subject to change.
Source Code Capital, founded by former Sequoia China investor Yi Cao, holds about $5 billion in renminbi and dollar funds. In addition to ByteDance, the company has invested in food delivery platform Meituan and electric scooter maker Niu Niu.
ByteDance's early investor Source Code Capital is preparing a $300 million artificial intelligence fund
2024-05-24 10:11:14
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