VC firm targets China for investments

"Ignition Partners LLC, a U.S. venture capital firm founded by former Microsoft Corp. executives, plans to raise $125 million to invest in China, said people who've been briefed by the firm.
Ignition partners Richard Tong and John Zagula will work with Gary Rieschel, a former partner at Mobius Venture Capital, in Shanghai to market and invest the fund, said the people, who declined to be identified to protect their relationships with the Bellevue-based firm."

[SeattlePI]