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# BAI Capital raises $700 million to invest in Chinese tech startups
- URL: https://www.techloy.com/bai-capital-raises-700-million-to-invest-in-chinese-tech-startups/
- Published: 2022-07-25T13:29:43.000Z
- Updated: 2022-12-07T23:18:00.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in Asia

[BAI Capital](https://baifund.com/#/) (formerly Bertelsmann Asia Investment), an investment firm focusing on China has raised $700 million to invest in impact-making tech startups in China.

- The firm will invest in retail tech, fintech, content, media, web3, metaverse, and local startups providing solutions in the renewable energy, self-driving, and software-led industrial space.
- Founded in 2008, BAI is an investment arm of Bertelsmann, an international media, services, and education company.
- The VC firm has invested in over 200 companies including Nio, an EV startup, Bigo, a live streaming app, and China's Mobike, a shared bike startup.
- Bertelsmann's global venture capital arm comprises four funds: Bertelsmann Asia Investments (BAI), Bertelsmann India Investments (BII), Bertelsmann Brazil Investments (BBI), and Bertelsmann Digital Media Investments (BDMI).