Intel Capital, the chip maker’s investment arm, has invested $22 million in three Chinese companies, and announced plans to invest in six more Chinese firms over the course of next five months.
The company has invested in a online fashion retail website YaoDian100.com which is run by Shanghai based e-commerce firm 6DX Change. Intel Capital has also funded set-top-box provider Beijing JoySee Technology, which is a unit of China Digital TV holding. JoySee plans to use the investment to develop high definition smart set-top boxes.
Interestingly, the company has also invested in BOCOM Intelligent Network Technologies which provides digital security and surveillance services. Intel expects the Chinese mobile market to grow dramatically, that is why all the three companies it has invested in are related to mobile internet technology.
“China is a critical piece of Intel Capital's investment philosophy and those three companies are examples of our strategic initiatives to develop the compute continuum and the digital society,” Arvind Sodhani, executive vice-president of Intel and president of Intel Capital said.
The company has already invested more than $500 million in more than 100 Chinese firms to date. Sodhani also said Intel Capital’s China offices had the largest investment team outside the United States.