dogshed
Joined: 28 Apr 2006
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 Posted: Sun Nov 18, 2007 1:03 pm Post subject: Chinese venture capital up, Korean venture capital down. |
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While young entrepreneurs in China and India are well positioned to benefit as financiers in the U.S. pour more money into the region, not everyone is in such good shape. Claudia Fan Munce, managing director of IBM's (IBM) venture capital group, says South Korean tech startups used to get three times the amount of VC investment their Chinese counterparts received. "Now it's the reverse," says Munce, who estimates tech-related companies in China got between $600 million and $700 million in VC money last year, compared with just $290 million for Korean companies.
http://www.businessweek.com/globalbiz/content/nov2007/gb20071116_128012_page_2.htm |
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