Company: Beijing 3G Network Technology Co. Ltd.
Description: Chinese search engine
Competitors: 3421 Network, Baidu
Location: Beijing
Amount Raised: $20 million
Round: First
Date Announced: 3/9/06
VC Firms: Sequoia Capital, IDG, CDH Investments
VC Directors: N/A
Quick Take: Considering three of the seven venture capital exits worth more than $1 billion achieved in the last four years were by Chinese startups and two of the remaining four were funded by Sequoia Capital, I think Beijing 3G has a pretty good shot at success. The experienced management and engineering teams led 3721 Networks to its $120 million sale to Yahoo! Inc. in 2003. Combine that with the China’s still-growing Internet search market and its nascent mobile search market, and this deal’s success should depend solely on execution. — Joshua Jaffe

Technology (1 out of 10): 6
Market (1 out of 10): 9
Management (1 out of 10): 7
Chances for IPO (1 out of 10): 7
Overall VC Rating (1 out of 10): 8

For more on the Chinese venture capital market, see: Tech Confidential
For more Beijing 3G Network coverage, see: The Deal

Technorati tags: Beijing3g, sequoia, cdh, idg, vc, venture capital