September 10, 2009

Head of Google China Leaves Post to Become Angel Investor

kaifu-lee

It was recently announced that Kai-Fu Lee, President of Google China, would be leaving this position to seek other opportunities.  Lee left Microsoft in 2005 and joined Google in an effort to increase its reach and overall popularity against popular Chinese competitor Baidu.

The biggest opportunity Lee is working on is setting up an investment fund called Innovation Works, which will invest in Chinese start-ups.  The goal of Innovation Works is to give entrepreneurs financial and other necessary support so that they can concentrate on developing cutting-edge technologies and services.  Lee says that his goal is to get companies up and running quickly so that within 9-12 months they can attract later stage investments.

Photo Courtesy NY Times




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