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25 Jul 2020

DaHui Assists Turing Ventures to Form and Close Turing Ventures Fund I

Turing Ventures Fund I has recently completed its second closing. The DaHui team provided full spectrum legal services for the formation of Turing Ventures and its Fund I, and for the fundraising and closings of the Fund. Founded in 2018, Turing Ventures has worked closely with Turing Award–winning academician Professor Andrew Chi-Chih Yao, the Institute for Interdisciplinary Information Sciences, Tsinghua University, and the Nanjing Turing Artificial Intelligence Institute to successfully and swiftly raise and close Turing Ventures Fund I, despite the unfavorable market downturn, after extensive negotiations with a number of high-profile LPs, including leading professional investment institutions and renowned FoFs in China. The Fund focuses on early-stage equity investments in AI and information technology with a vision to promote the their fast application in traditional sectors and has closed a number of investments in several promising start-ups.    

The DaHui team is led by Partners Xikang Wang and Cloud Li.

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