SAIF, Haier To Launch $52M Smart Home Industry Fund

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China-focused private equity firm SAIF Partners has teamed up with Chinese consumer electronics maker Haier Group to jointly establish a RMB320 million (US$52.1 million) industry fund to invest in smart home products and services in China, according to a securities filing submitted by Haier.

Haier Group, its venture capital arm Qingdao Haier Venture Capital Company Ltd., a fund under SAIF Partners and three individual investors have established a joint investment management company named Qingdao Haier SAIF Investment Management Company Ltd.

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