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China Doors Swing Open to More VC Investment Funds

Filed in archive Venture Capital by james on April 01, 2006

China Doors Swing Open to More VC Investment Funds
Corstone Capital, a Rockville, Maryland based merchant bank, joins the increasing list of American funds raising money to invest in China with the successful completion of its $100 million fundraisinglinks efforts.

The fund joins others in this new frontier of growth. The Corstone China Fund is slated to invest upwards of $3 million to $7 million per round in 10 to 15 technology or service sector revenue generating companies. The fund is supported by Edison Ventures, Hyundai Securites, Woori Securities and Shinhan Securities.

While the western media, including business consultancy bloggers herald China's reforms, it's important to note that according to the National Development and Reform Commission, that even if China maintains its present 8% growth rate this year, the Middle Kingdom still only provides new jobs for 11 million out of a total of 25 million urban unemployed and new entrants to the labor force.

It's no wonder that the red doors to investment, especially venture capital, are now swung wide open to the west. China is banking on these new ventures creating jobs for its burgeoning labor force.


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Tags: China  business  china  venture  investment  venture+capital  open+more  more+investment 

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