tech:

taffy

Intel Invested Over $90 million In Chinese Companies Last Year

[Techtaffy Newsdesk]

Since its first investment in China in 1998, Intel Capital has invested approximately $650 million in over 100 Chinese companies, according to Intel. In 2011, Intel Capital invested over $90 million in 13 Chinese companies.

The investments include:

  • 6DXchange,which operatesYaoDian100.com,aB2Cfashionandlifestylee-retailerin China.
  • ArcSoft, a software provider of multimedia technologies and applications.
  • B-Soft, a healthcare IT products and solutions provider.
  • Beijing JoySee Technology, a subsidiary of China Digital TV Holding, does research and development of high-definition smart TV and cable smart set top boxes.
  • Borqs, an Android software integrator for mobile devices.
  • Makepolo.com, aB2Bvertical search engine that serves the procurement needs of small- and medium-sized enterprises.
  • Miartech (Shanghai), a provider of power line communications products and systems technology for smarter energy management.
  • Outblaze Venture Holdings, also known as Animoca, a global mobile media providers.
  • Shanghai BOCOM Intelligent Network Technologies, a provider of intelligent sensing & networking technologies.
  • United Information Technology, a cloud storage products and solutions provider, offering enterprise-class storage products and application software.
  • VIPStore, a Chinese online retailer of international premium fashion brands.
  • Cloud Union focuses on the design, development and operation of cloud gaming platforms and is a live cloud and steaming service provider for 3D graphic and rich audio gaming in China.
  • Fashion Republic is one of China’s first fashion photo search engines and fashion content aggregation platforms.

In 2011, four Chinese companies exited the Intel Capital portfolio: two completed IPOs on U.S. based exchanges and two were acquired.

Upload: 02-19-12

 

 

 

 

 

 

 

 

 

 

 

Just in

Apple sued in a landmark iPhone monopoly lawsuit — CNN

The US Justice Department and more than a dozen states filed a blockbuster antitrust lawsuit against Apple on Thursday, accusing the giant company of illegally monopolizing the smartphone market, writes Brian Fung, Hannah Rabinowitz and Evan Perez.

Google is bringing satellite messaging to Android 15 — The Verge

Google’s second developer preview for Android 15 has arrived, bringing long-awaited support for satellite connectivity alongside several improvements to contactless payments, multi-language recognition, volume consistency, and interaction with PDFs via apps, writes Jess Weatherbed. 

Reddit CEO Steve Huffman is paid more than the heads of Meta, Pinterest, and Snap — combined — QZ

Reddit co-founder and CEO Steve Huffman has been blasted by Redditors and in media reports over his recently-revealed, super-sized pay package of $193 million in 2023, writes Laura Bratton. 

British AI pioneer Mustafa Suleyman joins Microsoft — BBC

Microsoft has announced British Artificial Intelligence pioneer Mustafa Suleyman will lead its newly-formed division, Microsoft AI, according to the BBC report. 

UnitedHealth Group has paid more than $2 billion to providers following cyberattack — CNBC

UnitedHealth Group said Monday that it’s paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare, writes Ashley Capoot.