JAIC and CyberAgent To Launch 2nd China-focused Fund

JAIC, a listed Asia-focused VC firm, and CyberAgent, Inc. an internet service company, announced that Japan Asia Investment (China) Co., Ltd, an affiliate of JAIC and Cyber Agent Ventures, Inc. an investment affiliate of CyberAgent, jointly set up a China-focused fund "CA-JAIC China Internet Fund Ⅱ". The fund will start with $15 million to invest in promising Chinese venture capital companies.