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DCM Bolsters China Presence With Former Sina Co-Founder

Filed in archive Venture Capital by james on January 10, 2006

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Doll Capital Management (DCM), a leading US-based venture capital firm, is strengthening its position in China by recruiting Hurst Lin, co-founder and chief operating officer of Sina Corporation, as a general partner.

"I will mainly commit myself to investment in the Internet, and software and wireless services given my experience at Sina," Lin told China Daily in an exclusive interview. "As one of the very few venture capital firms with an impressive record of success in China and in other parts of Asia, DCM is particularly appealing to me."

Different from other partners who pay more attention to multinational companies, Lin is more interested in domestic firms. "I will make DCM's China practice more localized," Lin said.

As for David Chaolinks, co-founder and managing general partner of Menlo Park, California-based DCM, this hiring of Lin reaffirms his position as one of the more active VC's operating in China. Zero2IPO, a China based research and advisory service, claimed Chao as the third most active venture capitalist in China in 2004.

Since 1999 DCM has had invested some US$100 million on its Chinese investments. "And we will invest more than 4 billion yuan (US$494 million) in the Chinese market in the next 10 years," claims Chao.


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Tags: Sina.com  DCM  china  venture  capital  venture+capital  former+sina  bolsters+china 

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