Ant Group and others have jointly established a venture capital partnership in Zhejiang.

According to the Enterprise Check App, Zhejiang Innovation Shugu Entrepreneurship Investment Partnership Enterprise was established recently with a capital contribution of 600 million yuan, and its business scope includes venture capital and equity investment. Equity penetration information from Enterprise Check shows that the company was jointly funded by Ant Technology Group Co., Ltd.'s wholly-owned subsidiary, Yunyong Industry Win-Win Entrepreneurship Investment Co., Ltd., and others.