Dec 21, 2010

CyberAgent sets up local corporation for venture investment in China to expand the fund size to 10B yen /Venture Now

CyberAgent Ventures transformed former representative office in Beijing, China to the corporation. In addition, the corporate VC launched an office in Shenzhen as a new branch for investment in China.

It plans to expand the size of CA-JAIC China Internet Fund II, L.P. jointly set up with Japan Asia Investment from current 1.2 billion yen (US$ 15 million) to 10 billion yen (US$ 125 million). It targets not only smartphone or social application developers, but also overall Internet related business including EC.

Venture Now 12/20/2010

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