Lightspeed China Partners raises $560M with eyes for payments industry

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Jan. 3, 2019

Lightspeed China Partners, one of the leading early stage venture capital firms for China’s tech industry, has closed on $560 million in committed funds, and is focused on future investments related to the payments industry, according to a press release.

Lightspeed China Partners said the funds include Lightspeed China Ventures IV at $360 million, which will focus on early stage companies, and Lightspeed China Partners Select I at $200 million, which is focused on growth investments, according to the release.

“We believe there are plenty of new opportunities in China consumer internet given the depth of China’s mobile payment and social networks,” said founding partner Herry Han, in the release. “Innovation and entrepreneurship in the next decade

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