New China fund for Accel Partners and IDG

Accel Partners and IDG will team up in a new fund focusing on opportunities in China. The US$250 million fund, christened as IDG-Accel China Growth Fund, aims to invest in "fast-growing enterprises in information technology, healthcare, consumer technologies" in China. It will be managed by IDG Technology Venture Investment LLC which has been presiding over IDG's venture capital investments in China since 1992.

Source: Asia Private Equity Review News Flash

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