StarBridge Venture Capital Co., Ltd. has successfully concluded the initial fundraising phase for its Pioneer Venture Capital Fund, amassing a total commitment of RMB 2.617 billion. This fund is dedicated to early-stage investments in the realm of hard technology, with a primary focus on various industries centered around artificial intelligence. Of the funds raised, 70% will be allocated to fostering original innovations, while the remaining 30% will be earmarked for advancing the development of technological applications. The fund aims to finalize its fundraising efforts by the conclusion of this year.