|By Marketwired .||
|June 23, 2014 08:19 AM EDT||
HONG KONG, CHINA -- (Marketwired) -- 06/23/14 -- Lightspeed China Partners (LCP) today announced that it has completed the first and final closing of Lightspeed China Partners II, L.P. with total committed capital of $260 million, exceeding the firm's target of $220 million. The fund plans to invest exclusively in China-based businesses with a focus on early-stage companies in the Internet, mobile, technology-enabled services, and enterprise solution sectors. Ron Cao and James Mi, Managing Directors of Lightspeed China Partners, will oversee the fund; both have extensive experience in venture capital and in growing successful China-based companies.
With investment professionals in Shanghai and Beijing, Lightspeed China Partners completed its inaugural fund Lightspeed China Partners I, L.P. in 2012 with $168M of committed capital. Investments in its first fund include Meilele, the largest online retailer of self-branded furniture; Rong360, the leading Internet search site and marketplace for financial services targeting consumers and enterprises; Tujia.com, the largest online vacation rental service provider; Qingcloud, the leading cloud infrastructure-as-a-service provider; and PPdai, the top peer-to-peer online lending platform. Continuing its focus on early-stage and high-impact technology companies, LCP with its new fund plans to invest in approximately 30 companies with initial investments typically ranging from $500K to $7M in Seed and Series A rounds.
Prior to forming LCP, Ron and James were managing directors at Lightspeed Venture Partners (LSVP) with responsibility for investments in China across multiple sectors. LSVP's China-based portfolio companies include Dianping, Lian Luo, LuckyPai, MediaV, Meilele, and PCH International.
"We continue to be excited about early-stage technology investment opportunities in China," said Ron Cao, Managing Director of Lightspeed China Partners. "The Chinese consumers and businesses are embracing technology in an unprecedented way. Many businesses across various sectors and verticals are being disrupted by startups leveraging technology to create new, innovative business models. LCP is well-positioned to capture these opportunities."
"China today represents a unique environment for early-stage venture investments, not only in Internet and mobile, but also in the enterprise IT space. There is increasing demand from Chinese enterprises for products and services in cloud computing, SaaS, and cyber security," said James Mi, Managing Director of Lightspeed China Partners. "We believe that our ongoing partnership with Lightspeed Venture Partners will benefit portfolio companies across regions by accelerating learning and development of global strategic relationships. LCP is excited to launch our second fund with the support of experienced institutional investors and partners."
"Lightspeed China Partners was the earliest major venture investor in our company," said Jun Luo, CEO of Tujia.com, the largest vacation rental platform in China. "They have helped us in many ways including company strategy development and management team recruiting. We look forward to our continued partnership."
For more information, please visit www.lightspeedcp.com.
About Lightspeed China Partners
Lightspeed China Partners (LCP) is a leading venture capital firm in China focused on early-stage investments in Internet, mobile, technology-enabled services, and enterprise solution companies in China. With strong backgrounds in company operations and entrepreneurship, the partners of LCP are committed to helping a new generation of Chinese entrepreneurs become industry leaders, build world-class companies and create social impact. LCP offers international value-added capabilities through its relationship with Lightspeed Venture Partners (LSVP). LSVP is a global venture capital firm managing over $3 billion of committed capital with investment professionals and advisors located in Silicon Valley, India and Israel. For more information about LCP, please visit www.lightspeedcp.com.
T: (86) 21 5386 6500
E: [email protected]
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 30, 2017 01:15 AM EDT Reads: 16,415
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 30, 2017 01:15 AM EDT Reads: 1,444
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 30, 2017 12:30 AM EDT Reads: 1,016
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 30, 2017 12:15 AM EDT Reads: 1,190
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 30, 2017 12:00 AM EDT Reads: 1,084
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Apr. 29, 2017 11:45 PM EDT Reads: 3,380
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Apr. 29, 2017 11:15 PM EDT Reads: 2,022
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Apr. 29, 2017 11:15 PM EDT Reads: 9,239
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Apr. 29, 2017 10:45 PM EDT Reads: 1,807
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 29, 2017 10:30 PM EDT Reads: 2,774
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 29, 2017 10:15 PM EDT Reads: 2,597
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 29, 2017 10:15 PM EDT Reads: 1,744
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 29, 2017 10:00 PM EDT Reads: 2,637
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 29, 2017 09:30 PM EDT Reads: 2,282
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Apr. 29, 2017 09:30 PM EDT Reads: 2,551