Intel venture capital funds target Chinese startups in wearables, IoT

Guangdong Appscomm has developed smartwatches, bracelets and heart rate monitors. One interesting product is a Bluetooth smartwatch that advises Muslim users about prayer times and the direction of Mecca, toward which prayers are usually made.

The other recipients of the Intel funds include Shanghai Ailiao Information Technology, a mobile gaming communication services provider, and Shenzhen Fibocom Industrial Development, a provider of location-based communications services and telematics hardware maker.

Since 1998, Intel Capital, the company's main venture capital fund, has invested more than $700 million in 120 Chinese companies.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on TwitterTwitter at @agamsh. Agam's e-mail address is agam_shah@idg.com Alles zu Twitter auf CIO.de