Gobi Fund II will target startups working on the convergence of telecom, media, and digital media NTT DoCoMo plans to increase its investment in Chinese venture companies, the company said Tuesday.Japan’s biggest mobile phone operator will invest $10 million in a new venture fund established by Gobi Partners. The fund will target startups working on the convergence of telecommunications, media, and technology in the IT and digital media sectors and its first investments will be made this month, NTT DoCoMo said in a statement.It’s the second time the carrier has invested in a fund operated by Gobi and targeting such companies. The company provided a similar amount of money to Gobi to help it establish its first fund. Other investors include IBM, Sierra Ventures, McGraw-Hill, and Steamboat Ventures, which is the venture capital arm of The Walt Disney Co. Gobi Fund’s portfolio companies include: Inspiry, which is working on two-dimensional barcodes; Digital Media Group, which operates an advertising networks in subway systems; i-Vision, an interactive TV provider; and Madhouse, a mobile advertising operator.NTT DoCoMo said the performance of its investment in Gobi Fund and the knowledge and technology it might gain from startups is behind the decision to participate in Gobi Fund II. The fund will operate for 10 years and expects to raise $120 million from investors. Technology Industry