Whole Network Most Recent TOP10 Entrepreneurship Innovation Private Equity Venture Capital

 

Venture Capital Tsunami Surges Over China's IT 

Filed in archive Venture Capital by james on December 22, 2005

BlogPicture
According to the Shanghai Daily, Venture capital firms have increased the pace of their investment in China's high-growth sectors, including the Internet, semiconductors and new applications for mobile phones and televisions, industry officials said in at a recent information technology forum held in Shanghai, Among them, Sequoia Capital China, which poured cash into Semiconductor Manufacturing International Corp and 3721.com, has established a US$180 million fund to invest in Chinese high-tech industries, announced Steven Ji, a Sequoia vice president, at the China Technology, Media, Telecom Industry Annual Summit 2005 in Shanghai.

Meanwhile, Granite Global Ventures, which invested in Alibaba.com Inc, said it has increased its global fund from US$400 to US$700 million, and half of that is earmarked for China, according to Jenny Lee, Granite's Shanghai-based director.

HSBC Private Equity (Asia) Ltd has established a US$100 million technology fund in Asia, mainly to tap online games and chip design.

The success of Internet-based companies like Baidu and Alibaba has boosted the confidence of overseas investors, and many have flooded into China to seek opportunities, hoping to cash in through mergers and IPOs, said Sun Lilin, an analyst at the consulting firm Analysys International, the organizer of the summit.

Venture capital investment in China is expected to reach US$2 billion this year, compared with US$700 million last year, according to Zero2ipo, also a Beijing venture consulting and research firm.

Keep tuned for further developments on this portal.


Advertisement


Permalink: Venture Capital Tsunami Surges Over China's IT 
Tags: venture  capital  china  over  surges  venture+capital  tsunami+surges  surges+over 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/12770



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
  • 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.
Advertisement -
Book yours here..


 
Advertisement
Book yours here.



  • Testimonials

  • 'Exactly what I am looking for.'

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

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
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