News

2010.11.04
Establishment of “CA-JAIC China Internet Fund II, L.P.”

CyberAgent Ventures Inc. (Headquarters: Shibuya, Tokyo, CEO: Soichi Tajima), a subsidiary of CyberAgent Inc.(Headquarters: Shibuya, Tokyo, CEO: Susumu Fujita), announces to establish a venture capital fund targeting start-ups in China in cooperation with Japan Asia Investment (China) Co., Ltd, a subsidiary of Japan Asia Investment Co., Ltd.(JAIC).

Details of the fund
Fund name: CA-JAIC China Internet Fund II L.P.
Scheme of the fund: Limited partnership based upon the Cayman law
General Partners: Japan Asia Investment (China) Co., Ltd.
CyberAgent Ventures Inc.
Limited Partners: Japan Asia Investment Co., Ltd.
CyberAgent Inc. and others
Size of the fund: US$16,000,000
Investment target: Private companies which operate the Internet-related businesses in China

Background the establishment
The Internet users in China exceed 400 million and China has the world largest Internet users. High growth of the Chinese Internet market is still expected thanks to the Internet penetration into rural areas and development of new services such as e-commerce.

Since jointly established “CA-JAIC China Internet Fund” in April 2006, JAIC Group and CyberAgent Group have invested in promising companies such as Tudou.com, the largest video sharing service company in China, iPartment, SNS provider with 25 million subscribers, and Ultizen Games, one of the successful online game development companies in China. Based upon their successful track record of investments, they decided to establish “CA-JAIC China Internet Fund II” as their second fund.

By taking advantage of a wide network in Asia and the United States held by Japan Asia Investment Group and practical expertise of CyberAgent Group as Japanese internet company, CyberAgent Ventures and JAIC aiming for a superior return through investments in promising venture companies.

Information on CyberAgent Ventures, Inc.
CEO : Soichi Tajima
As corporate venture capital arm of CyberAgent, Inc., one of the largest Internet media and advertisement companies in Japan, it was established in April 2006.
CyberAgent Ventures operates venture capital business in Japan, China and Vietnam.

Information on Japan Asia Investment (China) Co., Ltd.
CEO: Masashi Hosokubo
It was established and incorporated in 2007 as a subsidiary of Japan Asia Investment Co., Ltd. As a main entity of JAIC Group’s business in China, it has invested in areas such as Internet, biotechnologies, healthcare and consumer industries.
JAIC Group has invested in more than 140 companies in China so far and 44 companies achieved IPO.

■For further information, please contact;
CyberAgent Ventures, Inc.
Tel:03-5459-0597   
E-maill:cav_keiei@cyberagent.co.jp  

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