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Lightspeed China Partners hits US$560M target for 2 funds

Lightspeed China Partners closed a pair of funds at US$560 million, hitting its fundraising target.

Lightspeed China Partners IV LP collected US$360 million and will back early-stage technology businesses in China. Lightspeed China Partners Select I LP garnered US$200 million and will make growth investments in that country.

The Chinese venture capital firm targets early-stage investments in the consumer internet, Internet Plus and enterprise/deep technology sectors.