CHINA TOPIX

China’s IDG Capital and Breyer Capital Raise $1 Billion Fund

Phenny Lynn Palec   |

Jul 14, 2016 10:22 AM EDT

Prominent investor Jim Breyer along with Chinese firm IDG Capital Partners have raised what many consider to be the largest venture capital fund in China. This new venture was formed despite concerns that the Chinese tech market is already overcrowded, and it would be a struggle for late-stage startups to get a traction.