Midea Group, Appotronics Set Up Ningbo Venture Capital Partnership for Unlisted Firms
Midea Group and Appotronics Corporation, together with other investors, have jointly established Ningbo Meihe Nanlu Venture Capital Partnership (Limited Partnership) as a venture capital vehicle focused on unlisted companies. The partnership was formed through Midea's venture capital arm, Midea Venture Capital Management Co. , Ltd. , which is a co-funder alongside Appotronics and other parties.
Recently, Ningbo Meihe Nanlu Venture Capital Partnership (Limited Partnership) was established, with a business scope covering venture capital investment limited to unlisted companies. The partnership is jointly funded by Midea Venture Capital Management Co. , Ltd. , a subsidiary of Midea Group, together with Appotronics Corporation and other investors.