Less risk for venture capital in China than in USPresident of American International Digital Group (IDG) said in Beijing recently when interviewed that venture investment in China runs much less risk than in the US.IDG is the world's largest company specialized in high-tech services. It entered China's venture investment sector in 1989 and has made a total investment of nearly US$ 200 million. He said that, under the similar conditions, about 50%-60% companies involved in venture investment in the US make no profit, whereas in China, 70% companies report excellent performance with return ratio hitting 35%, higher than the average level in other countries. Last year, the Ministry of science and Technology signed a cooperation memorandum with IDG. Under the memorandum, IDG will inject US$ 1 billion in China's hi-tech enterprises to bolster the development of China's hi-tech enterprises. |
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