Golden Finance reported that Source Code Capital, an early investor in TikTok's parent company ByteDance, is preparing a $300 million artificial intelligence venture capital fund, the company's first major investment action since 2021. Sources added that the investment amount has not yet been finalized and may change. Source Code Capital was reportedly founded by former Sequoia China investor Cao Yi, and its RMB and US dollar funds hold about $5 billion. In addition to ByteDance, the company has also invested in food delivery platform Meituan and electric scooter manufacturer NiuNiu.