VC firm invests in green

Leading global venture capital company Kleiner Perkins Caufield & Byers (KPCB) will commit between 20 percent and 25 percent of its 3 billion yuan venture earmarked for the Chinese market to green technology.

The decision came after the company announced a partnership with London-based investment management firm Generation Investment Management to fund green businesses, technology and policy solutions.

"We have invested 400 million yuan in five environmentally friendly projects in four areas, which are wind power, environmental treatment, refuse treatment and degradable plastic," managing partner of KPCB China Tina Ju said.