WSJ.com - VC Firm Makes Move Into China

"Another U.S. venture-capital firm is moving into the increasingly competitive China market -- but this time, with some big-name partners.
Ignition Partners, the boutique Bellevue, Wash., firm founded by several former Microsoft Corp. executives, has hired Gary Rieschel, the founder of Silicon Valley's Mobius Venture Capital, and Duane Kuang, the former director of Intel Capital China, to help run a new $200 million China investment fund. Intel Capital is the venture-capital arm of chip maker Intel Corp.
Two U.S.-based Ignition partners -- Rich Tong and John Zagula -- also will be partners in the new fund, called Qiming Venture Partners. Messrs. Tong and Zagula plan to move with their families to Shanghai this summer. Qiming's fifth partner is Edward Zhou, a former business-development executive with Cisco Systems Inc. Messrs. Zhou and Kuang were both born in China."