Intel Capital Congratulates Portfolio Company Enjoyor Technology Group on its Initial Public Offering
BEIJING, October 30, 2009 - Intel Capital, Intel’s global investment organization, congratulates Enjoyor Technology Group for its successful initial public offering (IPO) today on China’s Growth Enterprise Market. The launch of China’s Growth Enterprise Market is a significant milestone for the Chinese capital market and Enjoyor’s listing is another example of Intel Capital’s support of local technology innovation and entrepreneurship.
"We congratulate Enjoyor on its IPO and support the launch of the Growth Enterprise Market," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "We see the emergence of a liquid and thriving domestic Chinese equity market such as GEM as critical and essential for growth and emergence of successful innovative technology companies in our portfolio like Enjoyor."
Intel Capital invested in Enjoyor Technology Group earlier this year with the goal of expanding Enjoyor’s research and development in traffic intelligence and its digital healthcare business. Enjoyor is the first Zhejiang enterprise to complete an IPO on the Growth Enterprise Market, which provides a platform to finance companies in industries such as information technology, bio-medical and new energy.
Since 1998, Intel Capital has invested over US$500 million in more than 80 technology companies across mainland China and Hong Kong. During the past four years, Intel Capital has created two dedicated China investment funds totaling over US$700 million.
About Intel Capital
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9 billion in over 1,000 companies in 46 countries. In that timeframe, 174 portfolio companies have gone public on various exchanges around the world and 231 were acquired or participated in a merger. In 2008, Intel Capital invested about US$1.59 billion in 169 investments with approximately 62 percent of funds (excluding Clearwire) invested outside North America. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.
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Released Oct 30, 2009 • 12:00 AM EDT