On April 11, Nanjing Jiangbei New Area Industrial Investment Group Co., Ltd. and SBI Group (China) Co., Ltd. launched strategic cooperation and entered into a cooperation intent agreement on the establishment of Jiangbei SBI Fund.

SBI Group is one of the world’s largest comprehensive internet financial groups and the largest institution of venture capital and private equity asset management in Asia. It mainly invests in IT, bio-medicine, environment and energy, financial technology, artificial intelligence and Blockchain technology. Currently, the assets under its management have exceeded JPY 1 trillion.

This fund deal is yet another major project in Nanjing Jiangbei New Area as part of its effort to develop new financial formats such as asset management, equity investment, fund insurance, PE and VC in recent years. Relying on the brand influence and international vision of SBI Group, Nanjing Jiangbei New Area will import more quality financial resources. The two sides will actively explore innovative modes of cooperation in such fields as integrated circuits, artificial intelligence, high-end manufacturing, and life & health and boost leading industries.