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[February 08, 2013]
Silicon Valley Incubator Opens Beijing Office
Feb 08, 2013 (SinoCast Daily Business Beat via COMTEX) -- Foreign media reports quoted words of US Silicon Valley incubator 500 Startups Founder Dave McClure saying that the company is opening an office in Beijing to expand in China.
According to high-tech blog TechCrunch, 500 Startups has invited venture capitalist Rui Ma for business expansion in China, one important step for its outbound expansion outside the US.
Rui Ma is very familiar with the Chinese market, because she has worked for investment bank The Raine Group, which has helped the IPO of social networking website Renren Inc. (NYSE: RENN). Her personal website said that her investment has been focusing on films, music, cartoons, online games, online videos and e-commerce. This time, she will join in 500 Startups as an investment partner.
Source: www.sohu.com (February 08, 2013)
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