Intel launches $500M China VC fund

Apr. 8, 2008 – Intel’s venture capital arm, Intel Capital, has launched a second China investment fund, dubbed “Technology Fund II,” to invest in wireless broadband technology, media, telecom, and “clean tech” in China. The $500M project is more than double the size of the original China Fund ($200M) established in 2005, and celebrates 10 years of Intel Capital activity in China and Hong Kong, where it has invested in more than 70 companies.

“Given the success of the original China Fund — with investments in more than 28 companies — it is time to renew our commitment,” said Cadol Cheung, managing director of Intel Capital Asia Pacific, in a statement. “Intel Capital expects to further increase our investment in China by pursuing business opportunities and participating in larger deals with an eye on leading rounds.”

Two new investments are already associated with the new plan: Holdfast Online Technology Co., a provider of a platform for third-party operator LAN-based or console games; and Newauto Video Technology Inc., which makes and sells video equipment, network solutions, and system integrations for TV stations, as well as digital content editing and sports program live-broadcasting services (including the upcoming Olympics in Beijing).


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.