What outsiders considered as a fortunate bet appears to be the result of years of industry observation and conviction, built through riding, testing products and closely tracking the evolution of China’s motorcycle engineering capabilities.
By emphasizing long-term, “patient” investments, the initiative aims to support high-tech startups through every stage of their development — from initial research to full-scale industrialization.
Hangzhou’s Runmiao Fund, with an initial size of 2 billion yuan ($290 million) and a 20-year lifespan, focuses on providing first-round financing for early-stage technology firms.
