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Doll helps U.S. crack China

doll.gifBy and large, the West's history in China is one of complete and utter failure. Check out Studwell's book, if you doubt us. But there's been a change recently, and Silicon Valley seems to be leading the way. Sure, China is still fraught with risk, but Doll Capital Management is showing how it can be done. And here's the latest: VentureWire reports (sub req) that Doll plans to announce a strategic partnership this week with the investment arm of China's largest tech company, PC manufacturer Legend:

Doll will make a "multimillion dollar" investment in Legend's $55 million "LC Fund II", which closed in December 2003, said David Chao, a Doll co-founder and managing general partner. Mr. Chao will join the board of Legend Capital, a firm that manages more than $100 million and has about 30 investments across two funds. Legend Capital's chief executive and managing director, Zhu Linan, will join Doll's advisory board.

Legend Capital's parent, Legend Holdings, also owns Lenovo Group Ltd., which in late 2004 agreed to purchase the personal-computer operations of International Business Machines Corp.


There are many better known venture firms in the United States, but none from the States are better known in China. To their credit, DCM is in essence the KPCB of China.

David Scott Lewis on April 24, 2005 12:12 PM
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WorkSoft, huh? We should talk. I've already met with nearly 100 solution providers based in China and with 28 of the top 30. I'm not even sure that WorkSoft would make my top ten list -- which I'm working on for a report to be published in early June. (Yes, I've visited with WorkSoft; I was at their new digs in ZGC less than one month ago. I also had coffee with David at the Starbuck's in Foster City last October just before boarding a flight from SFO back to China.)

So what do I know? Perhaps nothing. OTOH, I covered solution providers *AND* IT outsourcing as VP, E-Business Strategies at the META Group. Also, ex-Oracle, Microsoft and Samsung.

Please contact me through my e-newsletter. If you're planning to do similar investments, I'm sure I can help. Thanks!!

David Scott Lewis on April 24, 2005 8:10 PM
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