Doll Capital reveals $500m China plan

US-based early-stage investor Doll Capital Management is taking a bullish approach to China, with plans to invest 4 billion yuan and the appointment of Hurst Lin as new co-head of its Beijing operations.

Doll Capital Management, a US-based early-stage venture capital firm, has announced its intentions to continue expanding its presence in China through both a long-term commitment to invest in the country and the appointment of new executive personnel.

According to The Wall Street Journal and Chinese press, Menlo Park-headquartered DCM revealed yesterday its plans to invest 4 billion yuan ($500 million, €411 million) in China over the upcoming ten years. These investments are expected to fall primarily into the information technology sector, with emphasis on digital media, wireless communications, semiconductors and software outsourcing companies.

Co-leading DCM’s expanded activities in China will be new hire Hurst Lin, who will join the firm as general partner and be based at DCM’s Beijing offices. Lin is a co-founder and chief operating officer of SINA Corporation, a Shanghai-based online media company, and he will join DCM in April upon the end of his post at SINA.

“With a strong track record of successfully acquiring IT start-ups here, Hurst will play a major role in helping us identify and secure even more investment opportunities in Asia,” said David Chao, a DCM co-founder and managing general partner, according to a company statement. “With Hurst’s leadership and an even stronger physical presence here, we look forward to supporting the next wave of Chinese entrepreneurs who can build world-class companies.”

According to a spokesperson for the firm, DCM has invested over $100 million in China since 1999, when it first began investing in the country. DCM plans to invest 20 to 25 percent of its current and future funds in China-based companies. Last year, DCM also established a strategic partnership with Legend Capital, a Beijing-based venture capital firm managing $100 million. DCM, established in 1996, has approximately $1.1 billion under management.