International Data Group (IDG) is the world leading IT publishing, market research, tradeshow & conference company. Its annual revenue in the year 2005 amounted to US $2.68 billion.
Founded in 1964, with its headquarter in Boston of the U.S., IDG set up its subsidiaries and branches in 85 countries and regions in the world, with 13,640 senior research experts and editors. It has established a rapid and overall information network worldwide by modern information processing and transmission such as e-mail, database, and on-line service.
IDG publishes 90,000 pieces of market research and forecast reports on technological development annually; publishes over 300 varieties of magazines in 25 languages; holds 600 various international and regional academic seminars, market analysis and products expos; and provides consultant service in different fields. In short, IDG is the most influential company in the world’s IT industry.
IDG is the first American IT service company entering into the Chinese market. Since the founding of Computerworld weekly, a Sino-US joint venture, in 1980, IDG already has over 30 magazines and newspapers in the fields of computer technologies, electronics and telecommunications by means of joint venture or cooperative publishing in China. Every year, it holds over 18 expositions on computer, electronics and telecommunications in China and 60 conferences for overseas major producers in IT industry. IDC, a division of IDG, which is engaged in market research and forecast, set up its R&D centers in Beijing, Shanghai and Shenzhen. It provides clients from the IT industry with over 200 industrial analysis and consulting service every year.
In 1998, IDG established a joint-venture strategic relationship with The Hearst Corporation, the largest consumer magazine publishing company in the United States. Soon, IDG successfully introduced Cosmopolitan of the US into the Chinese market. Later on, IDG established similar relationships with Primedia, Conde Nast, National Geographic Society, Rodale, and Reed Business Information of the United States, and will introduce more overseas magazines to the Chinese market.
IDG Technology Venture Investment Fund (formerly Pacific Technology Venture Fund), under the administration of IDG, had its first venture investment in Beijing in November 1989. In 1993, IDG entered the Chinese market in a large scale, setting up its own venture investment management companies in Beijing, Shanghai, Guangdong, Tianjin and Shenzhen.
On October 27, 1998, IDG signed a memoir with China Ministry of Science and Technology on the investment in medium and small-sized high-tech industries in China in the next seven years, with a total investment of US $1 billion. On October 28, 1998, President Jiang Zemin met with McGovern at the Diaoyutai Guest House in Beijing, giving high praises and showing support to IDG’s venture investments in developing high-tech industry in China. By June 2004, IDG Technology Venture Investment Fund has invested over US $200 million in China, helped to create over 140 medium and small-sized high-tech enterprises, and over 13,500 job.