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Article: Gobi Partners form new investment fund focusing on digital media companies in China.
- Article from:
- China Business News
- Article date:
- December 15, 2003
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Gobi Partners form new investment fund focusing on digital media companies in China
Shanghai. December 15. INTERFAX-CHINA - Gobi Partners announced the official launch of its new venture capital fund, named the Gobi Fund, at a press conference attended by Interfax in Shanghai. The Gobi Fund will focus on early stage digital media companies in China, and will likely finish its first investment deal in January or February of 2004, according to Gobi Partner Thomas Tsao.
The Gobi Fund currently controls assets of USD 30 mln, but that figure is expected to reach USD 75 mln in the second quarter of 2004. Investors in the new fund include IBM, NTT DoCoMo, and ...