IDG and Accel launch venture capital fund for China

ng us to invest together in these opportunities in China,' McGovern continued.

Jim Breyer, managing partner of Accel Partners, added, 'We are very excited about this new partnership as IDGVC is considered one of the best venture capital investment teams in China and has delivered superior returns to its investors.'

IDGVC was founded by IDG, a provider of information technology services, and originally named Pacific Technology Venture Fund-China. IDGVC's venture capital operation is headquartered in Beijing, with branch offices in Shanghai, Guangzhou and Shenzhen in China, and in Boston and San Jose in the United States

Accel Partners has offices in Palo Alto, California and London.

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