BEIJING, May 22, 2026 /PRNewswire/ -- BAI Capital today announced the first close of its latest USD fund, targeting US$800 million. The first close reached US$600 million in commitments. At a time when global capital allocation has become more disciplined and growth investing is refocusing on commercial validation and execution, the first close reflects institutional investors' recognition of BAI Capital's track record, deep roots in Asia's technology ecosystem, and global investment capabilities. Founded in 2008, BAI Capital has built an 18-year track record, with 22 IPOs and 51 trade sale & secondary sale exits. Over the years, BAI has continued...