Intel Capital invested $22m in three Chinese companies, 6DXchange, an internet-based fashion and lifestyle retailer, Beijing JoySee Technology Co, a developer of smart television boxes, and Shanghai Bocom Intelligent Network Technologies, a sensor and networking technology company, according to a statement.
Beijing Joysee was set up this year as a subsidiary of media company China Digital TV.
The investments came from the firm’s $500m Intel Capital China Technology Fund II.
Arvind Sodhani, president of Intel Capital, said:"As the internet becomes more pervasive and smart devices proliferate in China, people’s daily lives are inseparable from the computing experience. The investments and support from Intel Capital will foster the growth of these companies and their competitiveness in the global market."
Ian Yang, president of Intel China, said, "Intel believes that China’s technology industry has huge potential for growth, especially with government support as outlined in the 12th five-year plan. Internet and TV are among the fast-growing sectors in China. And we are committed to working with partners in these sectors to enable the best computing experience for users."
Separately Sodhani said the firm planned to invest $500m this year, marking a more than 50% increase on the $327m invested last year, according to news provider Bloomberg.
He added the firm has planned to make as many as 12 investments in China this year, having already sealed six deals in the country, Bloomberg said.