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Shenzhen Smart City Investment Fund functions as a private equity firm, strategically investing in technology vital for urban advancement. It targets companies specializing in smart terminals, artificial intelligence, and the low-altitude economy. This fosters innovation, advancing critical technologies for intelligent urban infrastructure and robust digital government solutions.
Established in June 2020, the fund is a wholly-owned subsidiary of Shenzhen Smart City Technology Development Group Co., Ltd., a state-owned entity overseen by the Shenzhen State-owned Assets Supervision and Administration Commission. Its formation aligns with the parent group's vision to be a premier global smart city operator, recognizing capital's role driving urban digitalization.
The fund's investments indirectly support smart city and digital government initiatives, benefiting urban populations and public services. Its vision accelerates advanced urban environments by nurturing pioneering technology firms. It aims to enhance Shenzhen's smart city capabilities, propagating solutions internationally.
Shenzhen Smart City Investment Fund has 1 tracked investment across 1 company. The latest tracked deal is $912.7M Other Equity in Suning in December 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2020 | Suning | $912.7M Other Equity | — | Shenzhen Capital Group |