Deutsche Bank's tech fund takes stake in China eLabs

The investment gives Deutsche on-the-ground access to e-business initiatives in China.

Deutsche Bank's technology fund, the e-millennium 2 Fund, has taken a 20% stake in technology incubator China eLabs.

China eLabs, a joint venture between The Boston Consulting Group BCG and Shanghai New Margin Venture Capital SNMVC, makes strategic investments in new venture companies. It is an incubator that focuses on technology that either originates in the United States, or has a cross border feature. In addition to providing seed capital, the company also aims to facilitate new venture requirements from basic infrastructure consulting, to business strategy and fund raising.

Harrison Wang, Deutsche Bank's Asian head of e-Business, says the investment is consistent with the bank's focus. We chose to invest...

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