Granite Global Expects to Commit $150 million in Chinese investments

Filed in archive Venture Capital on January 29, 2006

According to the office of Granite Global's managing director, Scott Bonham, their silicon valley venture capital firm is bullish about China investment opportunities.

In response to the expanding investment opportunities in China, Granite Global Ventures has also recently added another key investment
professional, Thomas Ng,as their selected Asia-based managing director.

"Granite's commitment to China investment personnel underscores the success of our global investment model, which offers business development opportunities in China to many of our U.S. companies," claims Granite Global in a recent e-mail transmitted release to CVN.

Unless you were a dedicated and self-proclaimed luddhite, not one VC missed last year's China tech-based retail sector's dazzling set of strategic investments: Yahoo paid $1 billion for a 35 percent stake in the Chinese e-commerce site Alibaba and the Chinese search engine Baidu, in which Google has a equity stake, set a record when its shares jumped 354 percent after the successful debut on Nasdaq.

Granite and other VCs expect to see more investment home runs and IPOs in 2006.