China still hot for US VCs

You've seen all the starched blue shirts and khaki outfits in overbooked business class cabins to Beijing and Shanghai and yet you're still wondering if US VCs are interested in China?
Current California Controller Steve Westly (a former Stanford Professor and Ebay executive) is in Beijing now with a contingent that includes Silicon Valley VCs. This is just the latest in a series of bank or politician led VC tours through China.
http://bubbler.net/5A-notes/521601/521704/

More VCs investing in China

Many of the top tier VCs have been jumping on the China bandwagon. Accel & IDG, Mayfield, NEA, Sequoia, and perhaps even KPCB.
Now, we can add to the list two more...

JAFCO Investment (Asia Pacific) is targeting a $200 million fund, and Walden International, which has offices in both Palo Alto and San Francisco, wants to raise between $350 and $400 million. Both funds are to be raised in part or full by the end of the year, according to VentureWire (subscription required).