Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, has set up its first consumer-focused early stage venture fund, Qianshu Capital, to back innovative start-ups that help meet increasing consumer demand in China.
No financial details were disclosed. The new fund will make angel and series A round investments by acquiring a minority stake in promising start-ups, according to a company announcement.
So far, Qianshu Capital has made investments in lifestyle technology, personal health, fashion and cosmetics, entertainment and media sectors. Its portfolio companies include mattress maker 8H, radio manufacturer AirSmart, suitcase developer Runmi Technology and towel designing firm Zuishenghuo.
Qianshu Capital has developed a system to optimize its investment strategy based on big data. The system will automa...
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