Hesong Tang’s maiden venture fund raises $261 mln

Hesong Tang has raised $261 million for a maiden fund, Xiang He Fund I, according to a filing with the SEC.

Tang also raised the target for the fund to $300 million from $250 million. Twenty-three LPs have participated.

Tang is a former venture partner at IDG Capital and former vice president at Baidu.

The filing can be found here.

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