Yesterday I talked with Skype co-founder, Niklas Zennström during his trip to China. He said his venture capital fund, Atomico, want to invest in Chinese startups which are looking for overseas markets.

“If a Chinese startup wants to develop, say German or Brazilian, market, I believe Atomico, will be in good position to help it,” said Niklas. After Niklas and Janus Friis sold Skype to eBay, the pair found a venture capital fund in 2006. Capital of its first fund came from their own pocket, about 40 million Euro. Last year, they raise a new fund, about US$165 million, from mostly European institutional investors. They have invested in European and U.S. tech startups, and they have also invested in 2 companies in Latin America (Brazil). But nothing in Asia yet. Maybe that will change soon after this trip.

In his trip to China, Niklas has met many of the Chinese internet titans.  One thing he realized from the meetings is that Chinese internet market is very different. The rules are different (e.g. you cannot rely on IP protection to defense off competitors) and so are the players. Most of the major players in Chinese market are local companies, such as Baidu, Tencent, Alibaba, etc. “It is very hard for international companies to succeed in China,” said Niklas.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...