Zhejiang Daily Digital Culture Venture Fund completes regulatory filing

Zhejiang Daily Digital Culture Group announced the successful completion of the filing for the Zhejiang Wangchen Digital Intelligence Venture Capital Partnership (Limited Partnership) with the Asset Management Association of China. The fund finished its registration on November 21, 2025.

The partnership, established on September 29, 2025, includes Zhejiang Daily Digital Culture Group, Zhejiang Publishing & Media Co., Ltd., and Hangzhou Xinglu Investment Management Co., Ltd. Zhejiang Daily Digital Culture Group committed to invest CNY10,000萬元, representing 49.75% of the fund’s total committed capital of CNY20,100萬元.

This investment aims to diversify risk, access more opportunities, and secure quality project resources for future development. While acknowledging potential risks, the company plans to mitigate these through close monitoring of the fund’s operations and investment processes.