Source Code Capital has successfully wrapped up fundraising for its latest growth fund, which has raised $600 million. This fund accommodates both RMB and USD investments, with the majority of the capital coming from industrial investors, complemented by contributions from a select group of long-term financial investors. The fund is strategically directed towards two key investment sectors: 'AI+' and 'Global+'. The 'AI+' sector encompasses areas such as AI for Consumers/Producers (AI2C/2P) and the computing power industry chain. Meanwhile, the 'Global+' sector zeroes in on intelligent hardware and software applications. The primary focus of the fund is on growth-stage projects, whereas early-stage projects are managed under the purview of 'Source Code Rhythm'. The investment horizon for this fund spans 5 years, with the option to extend the exit period up to 20 years, culminating in a total investment duration of 25 years. Source Code Capital's decision to offer a lengthy exit period underscores its steadfast commitment to entrepreneurs, a stance rooted in its confidence in China's economic prospects and the innovative trajectory of its enterprises. The firm has recalibrated its strategy, moving away from a blind pursuit of scale and instead embracing a long-term perspective to effectively manage uncertainties. Presently, Source Code Capital oversees assets totaling approximately $7 billion and has made investments in over 300 startup ventures.