Lightspeed China Partners Closes $168M Fund

Shanghai and Beijing-based Lightspeed China Partners recently held the final close of its fund, at $168m.

Lightspeed China Partners I, L.P., which exceeded the initial target of $150m. will focus on investing in China-based, early-stage companies in the Internet, mobile, services and enterprise solution sectors.
The fund will be led by Ron Cao and James Mi, Managing Directors of Lightspeed China Partners.

Lightspeed Venture Partners’ investments in China include Dianping, iHaveU, LuckyPai, MediaV, Meilele, PCH International, and Teralane.

The fund has already completed a number of investments including:
– Meilele, an online retailer of self-branded furniture in China;
– Rong360, an Internet-based financial services search and comparison solution for consumers and enterprises; and
–, an online vacation rental service provider in China.



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