The new fund, Intel Capital China Technology II, will invest in Chinese companies involved in wireless broadband, technology, media, telecommunications and environmentally friendly technologies, the world's largest computer chip maker said in a statement.
The new fund has already invested in Holdfast Online Technology Co., which helps host console games on networks, and Newauto Video Technology Inc., which sells television equipment to Chinese TV stations.
Intel Capital has expanded the amount it invests outside the
Intel Capital President Arvind Sodhani said the company's second
The company set up in June 2005 its first fund targeting
Intel Capital also said it will consider having Chinese companies in which it has invested list on a growth enterprise share market due to be set up in
“We are absolutely supportive of this new market,” said Sodhani.
The government has not yet given a timeline for setting up the growth enterprise market, a secondary board that will target high-technology companies.