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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
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Restoration of Indo-Pak dialogue to push trade
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India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
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Central Bank Chief Of Indonesia Detained
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Malaysia economy grows and banking liberalises
Intel To Invest $500 Million In China
by Elisha SandersIntel Corp have announced that they have set aside $500 million to invest in the rapidly expanding technology market in China.
Managing the fund is Intel Capital, whose director is Arvind Sodhani who said in an interview that the group is going to seek out the most economically viable investments in a range of sectors, from wireless broadband and telecommunications to media and ‘clean tech.
This new scheme represents the largest single country fund for Intel Capital, which will be invested in China over the next five to seven years. Forecasts suggest that this could potentially lead to 20% of annual returns coming from China.
This investment arm of Intel’s were first working in China in 1998, when they took up shares in over 70 companies. Intel Capital set up a $200 million dollar investment fund for China in 2005, which has been wholly invested in the China already.
The managing director of Intel Capital, Asia-Pacific, Cadol Cheung, has said that the success of the first series of investments has pushed them to further the gains and invest again, and in larger investment opportunities this time.
Two Chinese companies have already been invested in by Intel Capital, Holdfast Online Technology Co Ltd, which is an online gaming platform operator, and Newauto Video Technology Inc who lease video equipment to local television stations.
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