Nokia Growth Partners Launches Third Fund Backed By $250M From Nokia, Expands In China

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http://techcrunch.com – Nokia’s venture capital arm Nokia Growth Partners (NGP), which was founded back in 2005 and invests in mobile-related ventures in the U.S., Europe and Asia, has launched its third fund — back by a further $250 million long term commitment from Nokia. The VC firm is also expanding its presence in China — describing it as an “important market for Nokia” — with the appointments of David Tang as MD and Lu Guo as principal. Tang joins from AMD where he was Corporate Senior Vice President and President of AMD China. Lu Guo joins from Keytone Ventures where he (IT news)