In early 2006 I participated as an angel investor in Chinese online marketplace and brokering service for second-hand vehicles 1bib.com. The company was set up by former DaimlerChrysler colleague and friend Honglian Tan, and her management skills together with the upcoming market for used cars in China convinced me to invest.

The company has grown steadily since, and has several offices in China already. T-Ventures, the VC arm of Deutsche Telekom, also believes in the future of this company and has now announced that they have taken a share in 1bib.com as well. The money (amount will not be publically disclosed) will be used for further expansion of the company. Congratulations to Honglian and her team to get T-Ventures on board.