VC firm invests in green
By Zhang Qi | 皇冠体育app Daily | Updated: 2007-11-14 07:08
Leading global venture capital company Kleiner Perkins Caufield & Byers (KPCB) will commit between 20 percent and 25 percent of its 3 billion yuan venture earmarked for the Chinese market to green technology.
The decision came after the company announced a partnership with London-based investment management firm Generation Investment Management to fund green businesses, technology and policy solutions.
"We have invested 400 million yuan in five environmentally friendly projects in four areas, which are wind power, environmental treatment, refuse treatment and degradable plastic," managing partner of KPCB 皇冠体育app Tina Ju said.
Photo