Nov 9, 2010

CyberAgent and JAIC set up $15 million fund for greater China

CyberAgent Ventures and Japan Asia Investment jointly established a fund, CA-JAIC China Internet Fund II, L.P., investing in promising startups in greater China.

Total amount of the fund is US$15 million invested by CyberAgent, JAIC and others. The targets are Internet related business in China, Hong Kong, and Taiwan.

Both had set up US$22.8 million fund in 2006 April. In the past they invested in StarCloud Media, operating, Chinese largest video sharing service, or Sunfun Info, operating SNS, iPartment, which has over 25 million users in China and Taiwan.

Venture Now 11/8/2010

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