Monday, April 23, 2007

Kleiner entering China with $360 mln fund - Reuters

"Top U.S. venture capital firm Kleiner Perkins Caufield & Byers is entering the explosively growing Chinese market with a $360 million fund and a team of veteran local investors, the firm said on Monday.
The legendary venture firm best known as an early backer of Google Inc.,, Netscape and Sun Microsystems has overcome its traditional reluctance to operate outside of its home base in Silicon Valley, Kleiner partner Ellen Pao said.
The company named Joe Zhou, formerly of Softbank Asia Infrastructure Fund (SAIF), and TDF Capital partners Tina Ju, David Su and Forrest Zhong as partners in its new operation, known as Kleiner Perkins Caufield & Byers (KPCB) China."

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