The China-based IDG venture subsidiary will invest in early-stage technology, media and telecom companies through IDG China Venture Capital Fund IV .
IDG Capital Partners, the China-based corporate venturing fund operated by IT data and media firm IDG, has closed a new $586m fund.
The IDG China Venture Capital Fund IV will invest in technology, media and telecommunications startups in China.
“The new fund exceeded its original target due to heavy oversubscription by existing limited partners as well as strong interest from new investors,” said Hugo Shong, the founding general partner of IDG Capital Partners.
Among the LPs in the fund was…
