Apr

24

The famous Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers has entered the Chinese market with a $360 million fund.

Venture capital investments in China grew to $1.8 billion in 2006 from $1.2 billion in 2005, according to data from Hong Kong-based venture market research firm Zero2IPO.

KPCB will have offices in both Beijing and Shanghai, centers of high-tech venture investment and tech innovations. Some might wonder whether KPCB is late to the game given that some VCs in China are openly concerned about over-valuation of Chinese web2.0 companies.

Source: Kleiner Perkins entering China with $360 mln fund | Reuters.com


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