Last year, RPX reported that patent attorney Brian Yates—who oversaw NPEs filing more than 500 patent infringement suits in 2015-2016—had formed a new entity, iPEL, Inc., and entered into a financing deal with a private credit manager. Since then, RPX has pointed readers to a number of notable acquisitions by Yates, including from Panasonic and ZTE. Yates has now publicly launched his iPEL business, and while particular attention is being paid to its licensing model, perhaps more interesting is iPEL’s Chinese patent portfolio—the size of which suggests that an enforcement campaign in Asia might be coming.