Jan

18

Totally missed this news last week (1/9/2006):

China’s fast growing economy is expected to help the nation’s private equity market to double over the next three years to $10 billion, but competition is also rising.

Silicon Valley-based early-stage venture capital firm Doll Capital Management said on Monday it would expand in China with 4 billion yuan ($500 million) of planned investment there over the next decade. “China is an agent of change for (global) technological innovation,” said David Chao, a co-founder and managing general partner of DCM. Hurst Lin, COO of Sina will join DCM as a general partner, extending a trend where successful Chinsese entrepreneurs move to venture capital industry.

DCM will target Chinese companies involved in wireless services, outsourcing, semiconductors and digital media, said Chao.


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