IDG, Accel Seek $250 Mln for China Investment Fund

International Data Group, publisher of computer magazines Macworld and PC World, and U.S. venture-capital firm Accel Partners said they're seeking $250 million to invest in new Chinese companies. Closely held IDG and Accel, a Palo Alto, California-based partnership, each will contribute $25 million to the new IDG-Accel China Growth Fund. They'll try to raise $200 million from institutions including Accel's current investors, said Patrick McGovern, chairman and founder of Boston-based IDG.

Source: Bloomberg

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882