China-focused venture capital and private equity investment firm IDG Capital Partners has partnered with Breyer Capital, a Menlo Park, CA-based venture capital investor, to close a new fund, at $1 billion.
IDG Capital Fund III will focus on investing in opportunities in technology, media & telecommunications (TMT), healthcare, energy, and consumer products, both in China as well as in global companies looking to enter the Chinese market.
Led by Hugo Shong, Founding General Partner, IDG Capital Partners invests in startup, growth, maturity, pre-IPO and post-IPO, focusing on Internet, Mobile & Tech, Modern Services & Brands, Healthcare, and Industrial Tech & Resources.
Since 1993, the firm has invested in more than 100 companies including Baidu, Tencent, Sohu, SouFun, Qihu 360, Baofeng, Xiaomi, and CreditEase.
Led by Jim Breyer, Founder and CEO, Breyer Capital focuses on making strategic investments in early-stage startups, fast growing companies, and established corporations building social media, entertainment/media, digital health, and financial technologies by leveraging artificial intelligence, machine learning, and virtual reality.