Intel Capital's $500m Intel Capital China Technology Fund II backs United Information Technology and B-Soft.
Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, has made two investments in China by backing United Information Technology (UIT), a former subsidiary of Cogo Group founded in 2001, and B-Soft, a software provider for hospitals.
The investment amounts were undisclosed but came from Intel Capital’s $500m Intel Capital China Technology Fund II, while the unit has invested more than $500m in more than 100 Chinese information technology companies since 1998.
For UIT, the deal came…
