Hangzhou SF Intra-city Industrial Unit Backs AI, Logistics Tech Investment Fund

MT Newswires Live05-11

Hangzhou SF Intra-city Industrial (HKG:9699) unit Shenzhen SF Intra-city Logistics will invest 213 million yuan in an equity investment fund, according to a May 8 Hong Kong bourse filing.

Shares of the logistics services provider were up nearly 2% in Monday morning trade.

The fund, Suzhou Xiaoyu Chengxi Venture Investment Partnership, has a total committed capital of 436 million yuan and will mainly invest in unlisted companies involved in artificial intelligence, embodied intelligence, low-carbon and new energy, logistics technologies, and local lifestyle businesses.

Shenzhen SF Intra-city Logistics will participate as a limited partner, with the investment funded through internal resources.

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