Eastern promise
Over in Dubai, Intel Capital has splashed out on predictive analytics software company, NeuString, which also offers consulting services to mobile network operators.
In Beijing it's all about bringing news and entertainment to the masses over a series of dedicated and comprehensive portals provided by Phoenix New Media, which claims to have a whopping audience of 100 million. The portals are available on internet and mobile platforms, which seems to be something of a trend for Intel capital investment of late.
"New technologies are the drivers of growth that help lead economies back to prosperity," said Sodhani.
Intel Capital must certainly be feeling flush, as the firm also announced another $50 million investment in U.S. WiMax operator Clearwire last week, as well as dealings with Japanese company, Onkyo, whose board of directors has just approved the issuance to Intel Capital of a $6.6 million bond to buy common shares in the firm.
