VCs already eyeing potential in new Chinese health care reforms
Last week, China’s State Council approved sweeping reform of its health care system, infusing it with $125 billion to provide universal medical coverage by 2011. And already venture capitalists all over the world are anticipating the opportunities in life science fields — pharmaceuticals, device making, etc. — that this avalanche of new funding will make possible.
Medical care in China has been somewhat of a disaster since the demise of the state-run system of the 1980s…. Continue Reading
JinkoSolar takes $35M despite tight silicon supply
While solar companies seem to be above the economic fray these days, the silicon supply that keeps many of them in business is not. The shortage (which began around 2004) isn’t as bad as it used to be, but investors funding photovoltaic manufacturers still see it as somewhat of a gamble. Their most recent bet: Chinese silicon wafer maker JinkoSolar, which says it already has long-term silicon supply contracts in the bag. The company nabbed… Continue Reading