The term “capital winter” has been bandied about in the China tech scene since 2017 when the number of investments saw a decline from 2016 and 2015. However, Eight Roads Ventures, the proprietary investment arm of Fidelity International, is bucking the trend by launching a $275 million China technology fund. The new fund is dedicated to backing China-focused cross-border fintech, enterprise, and consumer tech.

When asked why Eight Roads is launching the tech fund at this time, Ted Chua, a partner at the firm, explained that it was a natural thing for Eight Roads to form a separate fund. “We’ve always invested in technology and healthcare,” Chua said at the launch event for the fund.

“There are no borders in technology—it’s a global game and we need to help Chinese entrepreneurs on a global scale,” Managing Partner Jarlon Tsang said in a press release.

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Linda Lew

Linda Lew is a Beijing-based journalist who covers technology, start-ups and business in China. You can reach her at lindalew at aliyun dot com.