Afcmarkets today announced the launch of the first $175 million AFCM BRIC Technology Fund . This fund is the first in the BRIC region from Ailant Finance, and in the near future there will be launched others to invest in Brazil, Russia, and India.
Focus will be at making investments in technology firms working with the social media sector, and online B2C e-commerce industry in China. The AFCM BRIC China Technology Fund will seek to take minority stakes and replacement capital investments in companies offering opportunities in China through acquisition or consolidation.

The growing popularity of Chinese internet companies has led to a wave of overseas listings, which started with Mecox Lane Ltd ( Nasdaq:MCOX) last October. Since then Dangdang.com, Youku.com, and Qihoo 360 Technology have all gone public in the US. There are several in the pipeline, such as Tudou.com and potentially a spin off of Sina’ s Weibo.

China has the largest internet population in the world with more...