Photographer: Qilai Shen/Bloomberg

China’s IDG, Breyer Capital Raise $1 Billion to Back Startups

  • Investments target media, tech, health care, energy, consumer
  • Appetite still exists for China even as deal activity slowed

Chinese venture capital firm IDG Capital Partners and Silicon Valley investor Breyer Capital raised a $1 billion fund to back startups in China, showing there’s still appetite for significant investment in the country even as overall funding has slowed.

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