AAA DSM commits to China fund

DSM commits to China fund

Royal DSM, a Netherlands-based advanced materials company, has joined peer BASF by committing to the fourth clean-tech China fund managed by Tsing Capital.

In May, Germany-based chemicals group BASF’s corporate venturing unit invested $5m in Tsing’s China Environment Fund.

Founded in 2001, Tsing manages four dollar-denominated clean-tech funds with $600m in aggregate and two RMB funds with a total size of RMB1bn ($160m).

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