Chinese investors acquired US media and marketing firm IDG

Chinese investors of China Oceanwide and China venture capital firm IDG Capital has acquired US media and market research company IDG.

IDG Communications is a media, data, and marketing services company with brands including CIO, Computerworld, PCWorld and Macworld. China Oceanwide is a privately held conglomerate founded by Zhiqiang Lu. Headquartered in Beijing, its businesses include operations in financial services, real estate, media, technology and investments. (The other investor, China IDG Capital, is an independently operated investment firm established in 1993 with IDG as one of its limited partners). Terms of the all-cash deal were not disclosed.

China IDG Capital is listed in the Chinese Private Equity and Venture Capital Directory with the code OR9

More details follows