IDG China's Investment in Shenzhen

In China, the deep-pocketed overseas VC firms such as IDG are more interested in funding small and medium-sized growth companies instead of the more mature and established companies. IDG's investments in Shenzhen is said to have an annual raturn over 300% [since ?], much higher than the 40% return that the company has obtained from the whole country, according to an article in ChinaVenture, quoting IDG's founder Patrick McGovern. This year four of the 12 companies IDG has invested in are Shenzhen-based. With the huge gain in SouFun, this year's gain has reached $110 mil for IDG.