China’s Tipping Point
The Beijing-based VC Research Firm Zero2IPO has released data indicating that last year venture capital firms funded 253 mainland or mainland-related enterprises to the tune of $1.27B. That’s 29% more than the previous year. The most active VC in the country is the $400M Softbank Asia Infrastructure Fund, with Cisco Systems its sole limited partner. Following on Softbanks’ heals are Carlyle Asia Venture Partners and IDG Technology Venture Investment. This was also the year when investors added Chinese consumer plays to their traditional hardware investors.
Read – China’s VC Growth (The Red Herring)