IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of fundraising is $11 million, which came from IDG and Lightspeed Venture Partners. It is unclear how much is attributable to each investor.
More recently, IDG became a more substantial shareholder in existing portfolio company Leyshon Resources Limited, now holding approximately 8% of the company. Leyshon completed its readmission to the AIM...
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