Whole Network Most Recent TOP10 Entrepreneurship Innovation Private Equity Venture Capital

 

No More Games for Lenovo

Filed in archive Venture Capital by james on August 23, 2006

No More Games for Lenovo
The China tech community is abuzz with the latest news on venture financing for popular Chinese software and online game company Kingsoft. Despite a loss of confidence from the majority investor, Lenovo, the gaming company has received a US$72 million from three additional investors. The three investors are the Government of Singapore Investment Corporation (GIC), Intel Capital, and New Horizon evergreenlinks Investment Company.

According to an earlier rumors reported by Sina, Kingsoft's largest shareholder Lenovo and its earliest investor Zhang Xuanlong will cash out through the investment.

Who knows if this is short term thinking, but one thing for sure Lenovo's decison is a no vote for games.


Advertisement




Permalink: No More Games for Lenovo
Tags: China  gaming  Kingsoft  tech  communities 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/34130



Advertisement


Advertisement


RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use the search to look for other interesting posts

  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give Luis a call at +1 (650) 331 8047.


  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."
  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report Treatment VC and PE: education and training Venture Capital Yuan Renminbi