China's Source Code Capital in the market to raise $1b across two funds

China's Source Code Capital in the market to raise $1b across two funds

Beijing, China. Source: Li Yang/Unsplash

Source Code Capital, a Beijing-based venture capital (VC) firm that has backed tech companies like TikTok owner ByteDance, is seeking to raise a total of $1 billion for two new funds, according to its filings with the U.S. Securities and Exchange Commission (SEC) on March 12.