HONG KONG -- 5Y Capital, a Chinese venture capital firm that has backed smartphone brand Xiaomi and short-video app Kuaishou, has closed an unspecified number of dollar- and yuan-denominated funds totaling more than 13 billion yuan ($2 billion).
5Y Capital did not disclose details such as the number and names of its newly closed funds, nor their respective sizes. It did not immediately respond to DealStreetAsia's request for comments.
