Fexon Technology Ltd|IT news: Critical mandate

Fexon Technology Ltd|IT news reports: 2000, when Intel is still the framework of the Shanghai office of Zhang Zhong "critical mandate" to Intel's investment arm. Wudawuzhuang he used to describe the options: the Internet boom, many overseas funds to China for gold, and advance into the Intel became the object of their hire. At that time, the two Intel Capital, general manager of the China work at the same time leave.

At that time, Zhang Zhong of the VC know very little about, "only think that it is a very easy task." In those years, it seems that not everything can be cast to make money. It is said that there are investment managers with the chequebook, after listening to the company introduced after signing the cheques. It is in this environment, many financial institutions do in a year or two years of a large number of people to switch to do a large number of VC, "results in the rapidly approaching winter, many people had not even work."

Although Zhang Zhong believe they were chosen because "stability", since then he has worked for Intel in 18 years. In addition, as early as 1998 he actually intervened in the Intel on Sohu's investment.

One day, then also serve as Managing Director of Intel Capital's Tony Jansz came together with Zhang Zhong went to see Charles Zhang. "Charles Zhang is from the Massachusetts Institute of Technology out of the U.S. East Coast operation of the VC also somewhat understand." Prior to this, Negroponte has given Sohu angel investment. At that time, almost all the first venture of Chinese entrepreneurs are not very clear "what is VC". And the situation or not to go, "how do investment, for how many, how management» do not know "are all feeling our way across the river. At that time, the domestic active VC, that is, Softbank, IDG, H & Q Asia Pacific, Walden International and the Economic Cooperation, and other small number of.

Zhang Zhong access to VC, because Intel's investment is "the beginning of all the investment strategy of investment is 100 percent, the department must have the internal assessment." Was invested enterprises to invest and Intel signed a commercial contract, which provides for the enterprises to Intel do.

1998 to the first half of 2000, Intel Capital is the concern of the direction of the software market, is designed to promote hardware sales. Bundled software can contribute to Intel's hardware sales. "And going to an understanding of the market, the best approach is one of 12 investment companies." At this stage, the HUMAN Intel investment, speed up, fitness & Poor's are all software enterprises. (Fexon Technology Ltd)

Sohu represented by the portal, initially did not enter the Intel investment horizon. In addition, the headquarters of Intel Capital investment has circulated a proposal, but they did not vote in the final, and they miss this company called Yahoo. But in 1997 China's Internet Center to a survey, said that hinder Chinese Internet is the first major reasons for the lack of Chinese language website. Intel's investment so that such companies like Sohu China can promote the development of the Internet, which can lead PC and server sales.----> More news