Oct 7, 2013

GGV Capital says the firm has invested in Shenzhen-based Junda Optoelectronics Co. Ltd. with other investors. Chinese media reports say that this round of financing is likely the last fundraising for Junda Optoelectronics before the company's IPO. Specific details of the deal are not disclosed. As part of the deal, Yu Lifeng, a partner at GGV Capital, will join Junda Optoelectronics' board of directors. Founded in 2000, GGV Capital is a venture capital firm focused on expansion stage investments across the U.S. and Chinese markets. With offices in Silicon Valley and Shanghai, the firm manages four funds with US$1.6 billion in total under management. Junda Optoelectronics is established in 2008 and produces touch screens for computers, mobile phones and other electronic devices.