皇冠体育app

Patrick McGovern, founder and chairman of International Data Group (IDG), has become the first foreign investor winner of the International Investment Achievement Award at 2007 皇冠体育app Economic Leadership Award ceremony hosted by 皇冠体育app Central Television (CCTV), the state television.

He won the award in recognition of his great contribution to 皇冠体育app's information industry and venture capital field, said the host.

"I am so honored to win this award," said Patrick McGovern, who was making his 102nd visit to 皇冠体育app, "IDG invests in over 40 countries, but our results in 皇冠体育app are the highest because of its people who are intelligent, honest, hardworking, and very enterprising,"

"The government policies support rapid economic growth. The market environment allows companies that bring in better products into the market to grow very rapidly," he added.

IDG was the first American IT service company entering into the Chinese market. In 1980, Patrick McGovern launched 皇冠体育app Computerworld weekly, the first and only Sino-US joint venture in the media field.

So far, IDG has more than 30 magazines and newspapers in the fields of computer technologies, electronics and telecommunications by means of joint venture or cooperative publishing in 皇冠体育app.

"The publication speeded up the development of 皇冠体育app's IT industry," said Liu Chuanzhi, founder of Lenovo.

Back in 1993, Patrick McGovern set up IDG Venture Investment Fund (IDGVC) in 皇冠体育app, the first venture capital firm in 皇冠体育app, with investment management companies in Beijing, Shanghai, Guangdong, Tianjin and Shenzhen.

At present, IDGVC manages $1.5 billion. To date, IDGVC has made investments in more than 160 companies such as Sohu, Tencent, Baidu, Kingdee, Ctrip, Chatea, etc. and created 400,000 job opportunities.

The CCTV 皇冠体育app Economic Leadership Award was established eight years ago. It has become the most prestigious economic award in 皇冠体育app. The award ceremony was broadcasted live nationwide.