WITH USD5BN, INT'L VC FIRMS TO SEEK PARTNERS IN BEIJING
AsiaInfo Services, December, 2005
AsiaInfo Services 12-02-2005 with USD5bn, Int'l VC Firms to Seek Partners in Beijing BEIJING, Dec 02, 2005 (SinoCast via COMTEX) -- With nearly USD 5 billion, about 40 international venture capital institutions will seek partners in Beijing from now to the first half of 2005, said Li Jianguang, a partner of IDG Technology Venture Investment at the 9th Beijing-Hong Kong Economic Cooperation Symposium. As to IDG, Mr.
Li said the company plans to pump 80% of the venture capital into companies in the lucrative IT industry, especially those engaged in value-added services, Internet, and software, but definitely it will turn a cold shoulder to the pharmaceutical industry. Generally speaking, IDG prefers small- and medium-sized companies with high growth, leading...
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