PRC BPO play iSoftStone attracts VCs
Everbright Private Equity, a subsidiary of listed Chinese red-chip financial conglomerate China Everbright Ltd., and other venture capital firms, including AsiaVest Partners, Fidelity Asia Ventures, Infotech Pacific Ventures, Mitsui Ventures Global Fund, and Wuxi Jinyuan Industry Investment Development Company Ltd., have invested an undisclosed amount in iSoftStone Holdings Ltd., a Chinese business process outsourcing firm.
Although the amount raised from the investors was not announced, the company's CFO Michael Wu said in a statement that it had raised more than $65 million, including the Everbright-led VC investment and...
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