Chinese venture capital company GSR Ventures has raised a fund of $350 million to invest in Chinese startup companies. This is GSR Venture’s fourth venture fund, and it was secured in 6 weeks, mostly from existing investors. The company’s last fund was also for $350 million, a stability that TechCrunch reports is favored by the company; GSR’s Richard Lim said in an interview, “We have the same strategy, the same team and expect the same nice results.”

Qunar is a Chinese travel search engine company that has raised $15 million from GGV Capital, Mayfield Fund, GSR Ventures, and Tenaya Capital. This round of funding occurred shortly after TripAdvisor acquired Kuxun.cn for $12 million. Qunar will be using the funding for marketing, branding, and other developments.