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The partnership16/08/2006. Source: Asian Venture Capital Journal (AVCJ).
 China’s aspiring entrepreneurs are positive on venture capital financing, says the AVCJ. Within a short space of one month, China’s venture capital industry welcomed an additional US$490m into the market.
IDG-Accel China Growth Fund, the joint venture fund between Silicon Valley-based Accel Partners and IDG Technology Venture Investment LLC closed at US$290 million. Ignition Partners, an independent venture capital management firm that is based in Seattle, USA unveiled its Sino plan.
It announced a partnership with Qiming Venture Partners and their intention is to direct US$200 million to the China venture capital market in the next few years. The latest movements underscore foreign venture capital houses’ optimistic assessment of the future prospects in the China market. I ndeed, foreign venture capital investors have successfully demonstrated their value to China’s aspiring technology companies. Virtually all China portals listed on NASDAQ had received financing from venture capital firms prior to their public debuts, further confirming venture capital’s paramount role for young technology companies in China.
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The Asian Venture Capital Journal is the region's leading publication on private equity and venture capital. With readers worldwide, AVCJ provides monthly coverage of fund raising, investments, exits and the people behind them. For more information please visit www.asianfn.com
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