Baichu Electronics and others have set up a new venture capital partnership in Shanghai.

According to the Qichacha app, Shanghai Zizhu Xiaomiao Langkun Entrepreneurship Investment Partnership Enterprise was recently established with a capital contribution of 130 million yuan. Its scope of business includes entrepreneurial investment. Equity penetration displayed on Qichacha shows that the enterprise is jointly funded by Bai Chu Electronics's wholly-owned subsidiary Shanghai Bainin Enterprise Management Co., Ltd., among others.