BioCentury
ARTICLE | Finance

Vivo's visa

Vivo one of first VCs with permission to invest US$ funds directly in China

September 17, 2012 7:00 AM UTC

Vivo Ventures will soon be making its first investment under a recent Chinese government initiative to remove a layer of red tape for U.S.-based funds looking to invest in China.

Vivo's Frank Kung said details of the deal will not be disclosed for a couple of weeks, but the company fits Vivo's sweet spot for China: "Growth capital companies that are profitable or have revenues and are IPO-bound."...