The Yancheng City New Generation Information Technology Industry Investment Fund is established with a capital contribution of 1 billion yuan.

The Tianyan Cha App shows that recently, the Yancheng New Generation Information Technology Industry Investment Fund Partnership Enterprise was established, with Galaxy Innovation Capital Management Co., Ltd. as the executing partner, with a capital contribution of 1 billion RMB. Its business scope is venture capital, engaging in equity investment, investment management, asset management, and other activities through private equity funds. According to the information of the partners, the fund is jointly funded by Yancheng Strategic Emerging Industry Mother Fund Partnership Enterprise, Galaxy Innovation Capital Management Co., Ltd., Jiangsu Zhuorui Industrial Development Group Co., Ltd., etc.