Guolian, Minsheng among others have established a new fund for smart consumer product investment in Wuxi.

The Qichacha app shows that recently, Wuxi Guangyi Guolian Yitong Intelligent Consumption Industry Investment Fund Limited Partnership has been established, with a capital contribution of 500 million yuan. Its business scope includes: venture capital; engaging in investment activities with its own funds; engaging in equity investment, investment management, asset management, etc. with private equity funds. Qichacha's equity penetration shows that the company is jointly invested by Guolian Minsheng's wholly-owned subsidiary Guolian Tongbao Capital Investment Co., Ltd.