Intel Investment Disclosure of New Projects Invested 13 US $ 90 million (VC335) in China in 2011

On January 12th, Intel Capital announced that it will inject capital into Beijing Yunlian Technology Co., Ltd. and Peanut Republic, all of which will come from "Intel Investment-China Technology Fund II. This investment is committed to promoting the development of innovative technologies and business models in the fields of digital media and consumer Internet.

Arvind Sodhani, Intel ’s executive vice president and president of Intel Capital, said: “Today, the continuous development of new technology application forms for consumers has become a common goal pursued by global technology companies and is also an investment focus of Intel Capital in China. "

Yang Xu, President of Intel China, said: "China has a huge consumer base. As more and more computing devices connect to the Internet, providing consumers with bold and innovative user experience is a key element of success in this market. "

Beijing Yunlian Technology Co., Ltd. focuses on the design, development and operation of cloud gaming platforms and is a leading domestic provider of high-quality (3D images and rich audio) real-time cloud computing and media streaming services. By concentrating computing power on the server side and only providing image streams to the client, Yunlian Technology enables users to experience high-quality games on different devices.

Peanut Republic is one of China's first fashion picture shopping search engines and fashion content aggregation platforms, covering China's quality-guaranteed fashion business websites, and helping users find fashion products and discover trends in the form of picture browsing. The capital injection will be used for product development and market expansion of the two companies.

As one of the first strategic investment institutions to enter the Chinese market, Intel Capital has been committed to supporting the technological innovation of Chinese companies. Intel Capital China is led by managing director Xu Shengyuan and six investment directors, including Zhao Mujie and Bu Junquan, Rao Hong, Sun Xiaoguang, Guan Dacheng and Wu Ronghui. Rao Hong and Bu Junquan are investment managers of Yunlian Technology and Peanut Republic respectively.

According to Intel Capital, since 1998, the agency has invested more than US $ 650 million in more than 100 Chinese technology companies. Including the two new investments released this time, Intel Capital announced a total of 13 Chinese investment projects in 2011, totaling more than US $ 90 million. At the same time, two Chinese portfolio companies were listed in the United States and two portfolio companies were acquired. Intel Capital ’s investment projects cover consumer Internet, mobile applications, Internet of Things, triple play, storage, medical and e-commerce.