GCL Energy Technology Commits 100 Million Yuan in Venture Capital Fund
GCL Energy Technology (SHE:002015), through unit Suzhou Xinsuan, committed 100 million yuan as a limited partner in a 1.00-billion-yuan venture capital fund.The Shanghai Jieshu venture capital fund will primarily invest in unlisted artificial intelligence enterprises, according to a weekend filing with the Shenzhen bourse.The fund has a seven-year term with a four-year investment period.Shares of the solar materials manufacturer closed 1% lower Monday.