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Tencent Invests in USD 100 Mln Android Developer Fund

DCM PR, 4/21/11

Chinese internet, WVAS, and online gaming firm Tencent (0700.HK) joined venture capital firm DCM, Japanese social networking giant Gree, and Japanese mobile operator KDDI to launch a USD 100 mln Android strategic investment fund, the A-Fund. The fund will be managed by DCM, with additional partners, including a US-based semiconductor company, to be announced in the coming weeks. The fund is open to Android startups and developers from around the world at any stage and size.

Keywords: mobile application mobile operator KDDI Android Tencent 0700.HK Gree Inc foreign operator Doll Capital Management

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