Alibaba, Bank of Communications Life Insurance and Others Invest in Chuangyi Shenghua, Fund's Capital Raised from RMB 10 Million to RMB 735 Million

36Kr learned from Tianyancha App that Hangzhou Chuangyi Shenghua Equity Investment Partnership (Limited Partnership) recently underwent a business registration change, with its capital contribution increasing from RMB 10 million to RMB 735 million. New partners were also added, including China Hongzhong Life Insurance Co., Ltd., Guangzhou Fuxing Investment Consulting Co., Ltd., BOCOM Life Insurance Co., Ltd., and Hangzhou Haoyue Enterprise Management Co., Ltd., an Alibaba affiliate. Partner information shows that China Hongzhong Life, Guangzhou Fuxing, BOCOM Life, Hangzhou Haoyue, and executive partner Hangzhou Chuangsheng subscribed RMB 400 million, RMB 150 million, RMB 100 million, RMB 80 million, and RMB 5 million, respectively, corresponding to shares of 54.42%, 20.40%, 13.60%, 10.88%, and 0.68%. Hangzhou Haoyue is jointly held by Taobao (China) Software Co., Ltd., Zhejiang Tmall Technology Co., Ltd., and Alibaba (China) Network Technology Co., Ltd.