SiliconBeat reports that Softbank Asia Infrastructure Fund, whose LPs include Japan's Softbank Corp. and Cisco Systems, has closed its office in Silicon Valley. The fund will focus on investments in China, India, Korea, Hong Kong and Taiwan, SiliconBeat says quoting a VentureWire report.
Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.
"Let's say I put $10 million in a U.S. company - it probably lasts 18 months," said (SAIF's Beijing-based partner Joe) Zhou, "and when I do that it's probably not even profitable. In China, chances are that when we do the $10 million deal the company's profitable and [the funding's] going to last a long time."
Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.