Motorola looks to wider China business
(Xinhua)
Updated: 2006-10-13 14:04
SHENZHEN, October 13 (Xinhua) -- Telecommunications equipment giant Motorola
is seeking opportunities for investment in China after making the country its
global base for production and research.
Motorola Ventures, the venture investment section of the company, made its
debut at the China Hi-Tech Fair in Shenzhen, south China's Guangdong Province.
"We hope to contact more domestic companies by taking this opportunity and
our problem now is that we can not find proper companies to invest in," said
Ruey Bin Kao, president of Motorola (China) Electronics Ltd.
Kao said China would be one of the target areas of Motorola Ventures. Since
its first venture investment in China three years ago, Motorola has invested in
six high technology companies.
Motorola invested around 100 million to 150 million U.S. dollars each year,
but the company did not disclose the figure for China.
Venture investment required transparent risk evaluation, which China needed
to improve, said Kao, explaining why Motorola Ventures had not seen rapid growth
here.
Motorola Ventures was launched in 1998 and has six offices globally. Key
areas of its investment include embedded chips, software, and network
infrastructure.
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