Venture firm IDGVC to raise '07 China investment by $300 million

American venture capital firm IDG Technology Venture Investment (IDGVC Partners) plans to invest an additional US$300 million in China next year, a senior executive said on Wednesday. "It should be about another $300 million," Zhang Suyang, general partner at IDGVC, told Reuters on the sidelines of a venture capital conference in Shanghai. IDGVC currently has US$590 million under management in China, Zhang said.

Source: Reuters News

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Howard Sholkin
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