CHENGDU, China -- The BlackBerry Partners Fund has announced the expansion of its investment activities with the launch of a $100 million affiliate fund focused on mobile investment opportunities in China.
BlackBerry Partners Fund China is a new joint venture between China Broadband Capital Partners, a venture capital and private equity manager, and BlackBerry Partners Fund. The BlackBerry Partners Fund is the venture capital arm of Research In Motion,
The new fund will invest exclusively in opportunities supporting the emerging mobile ecosystem in China, the world's largest mobile market. The new fund is expected to close on Aug. 31, 2010.
Right now, China has 786.5 million mobile phone users. Last year, 240 million mobile phones were sold in the China market, according to iSuppli.