IDG Capital Partners raises $571m RMB fund
IDG Capital Partners has reached a final close of RMB3.6 billion($571 million) for its Harmony Capital Fund, which will target innovative companies in Beijing technology hub Zhongguancun.
Xiaoge Xiong, founding partner of IDG Capital Partners, told local media that the renminbi-denominated 2010-vintage vehicle closed in 2011, but has since exceeded its initial target. The National Council...
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