Venture Capitalists Flooding China

Global ventures are speeding up venture capital investment in China led by IDG Ventures and Softbank International Ventures. International Data Group, the limited partner of IDG Ventures, and Accel Partners have launched an USD 250 million venture capital fund for China. The IDG-Accel China Growth Fund will invest in IT, healthcare, consumer technologies and other emerging technologies. IDG Technology Venture Investment (IDGVC), which has been managing IDG's VC funds in China since 1992, will manage the new fund. The fund will additionally raise capital from institutional investors worldwide.

Source: SinoCast China Financial Watch

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