VCs in China: Kleiner’s shirt factory, Sequoia’s farm
Venture capital firms have been busy investing beyond high technology, as we’ve previously written. But how about Chinese shirt factories and farms?
In the latest example, we’ve learned that Kleiner Perkins, one of Silicon Valley’s most high profile venture capital firms, has joined in a $50 million investment into Yes!PPG, a shirt factory in Shanghai (merchandise to your left). Sequoia, meanwhile, has invested in a farm.
That’s right, Kleiner Perkins, the paragon of tech venture capital —… Continue Reading