TREE NEWS update: GCL Energy Technology’s wholly-owned subsidiary Xinweilai plans to invest 100 million yuan ($14.2 million) to subscribe to shares of the Lisi Xingshen fund, which is raising 1.74 billion yuan in its first close. The fund targets emerging technology sectors, and GCL’s stake would be 5.75%.
GCL Energy unit to invest 100M yuan in emerging tech fund
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