Wednesday, April 9, 2008

Intel Capital Launches Second China Investment Fund

Intel introduced its second China investment fund on Tuesday, 8 April. The China Technology Fund II has $500 million to invest in wireless broadband, media, telecommunications and "clean tech" in China. It will be used for ventures that complement the chipmaker's corporate initiatives and help expand technology market segments in China. The new fund is more than double the size of the original China Technology Fund, which invested in more than 28 companies. Over the last 10 years, Intel as invested in more than 70 companies across China and Hong Kong.

The new fund has already invested in two Chinese companies:
  • Holdfast Online Technology - provides a platform for hosting third-party computer games. The platform enables gamers to play against each other over a wide area network.
  • Newauto Video Technology - manufactures and sells video equipment, network solutions and system integrations for TV stations across China. Newauto, a service provider for the 2008 Beijing Olympics, also provides digital content editing and sports program live-broadcasting services.

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