Leading global venture capitalists Kleiner Perkins Caufield & Byers (KPCB) will invest close to a billion yuan towards green technology in the China market.
The decision came after the company announced a partnership with London-based Generation Investment Management to fund green businesses, technology and policy solutions.
"We have invested 400 million yuan in five environmentally friendly projects in four areas, which are wind power, environmental treatment, refuse treatment and degradable plastic," managing partner of KPCB China Tina Ju said.
KPCB entered the Chinese market in April this year and established KPCB China with 3 billion yuan in venture capital.
KPCB has 35 years' experience in life sciences and information technology. For the last seven years, the firm has been active in green technology initiatives spending more than $200 million on green technology products and services worldwide since 1999.
"Generation invests in large corporations, like Johnson Control and BP," KPCB partner Ted Schlein said. "It is an investor by stake. They make investment decisions based on sustainability strategy, which they share with us, and we share information about technology and entrepreneurs.
Chairman and co-founder of Generation, former US vice-president Al Gore, will join KPCB as a partner.
"You can imagine when Gore gives his speeches around the world, many entrepreneurs come to him with ideas," Schlein said. "We share his insights, and this helps us make investment decisions, as well as accelerate the growth of the companies we invested in through his investment network, knowledge of world leaders and corporation leaders."
According to the announcement, KPCB's presence in Asia and the United States combined with Generation's presence in the Europe and Australia would support solutions on a global scale.
Questions:
1. The investment management firm Generation Investment Management are based where?
2. When did KPCB enter the Chinese market?
3. How many years experience has KPCB in life sciences and information technology?
4. Who is one of the cofounders of Generation Investment Management?
Answers:
1.London.
2.In April this year.
3.35 years' experience.
4.Al Gore.
（英语点津 Celene 编辑）
About the broadcaster:
Brendan is an Australian who has been involved in education and writing for over a decade. He has been published most recently for the Tiger Airways Inflight magazine, The Bangkok Post, The Taipei Times and Japan's Hiroshima Outside Magazine. He holds a Masters Degree in Community Development and Management and has resided in China for over 3 years.
