PRINT THIS PAGE Walden prepares for ‘new phase' of investing in China12/06/2002. Source: AltAssets. 
 Walden International, the global venture capital firm, has announced the appointment of Dr Jack Gao as a general partner and managing director of its Chinese operations, in preparation for a new phase of investing in the expanding Chinese market.
Gao will take responsibility for leading the firm's operations in the region, leveraging his 14 years of industry experience to identify prospective investment opportunities in the high-growth IT and software sectors.
He joins the firm from Microsoft, where he headed up the firm's business operations in China.
‘Jack's appointment signifies a new chapter in our China operations, as Walden International evolves to the next level of having a locally based management team dedicated to capturing prime investment opportunities as the Chinese economy continues to grow and mature,' said Mr Lip-Bu Tan, chairman of Walden International.
Walden has been one of the most active venture capital players in China, making a number of investments in the communications, semiconductor, electronics, internet/software and life sciences/healthcare sectors.
The firm is preparing to take advantage of an anticipated acceleration of deal flow, as a series of reforms takes hold.
‘The PRC government's creation of a legal framework governing foreign direct investments, financial transactions and protection of innovation; the opening up of high-growth industry sectors as China enters the WTO; and the maturity of the local equity markets, all provide positive pull factors to encourage entrepreneurship and venture capital investments,' said Dr Gao.
A number of other venture firms have been pricking up their ears at Chinese opportunities in recent months. Cathay Ventures, the China-focused venture capital firm, is establishing a new venture capital fund to operate as a joint venture in Beijing, and Alcatel, the French communications networks provider, has established a new $18m fund to target telecom technology opportunities in the region.
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