Hugo Shong, IDG Capital's Founding Chairman, and Jim Breyer, IDG Capital's Co-Chairman and the CEO of Breyer Capital, are forecasting strong growth for the artificial intelligence (AI) industry. During the Fortune Global Tech Forum in Guangzhou, both Shong and Breyer predicted that AI underlies growth in many key seemingly unrelated parts of the economy during the next decade – from healthcare to cryptocurrency. The two IDG Capital executives also told Fortune Executive Editor Adam Lashinsky that by 2028, 18 out of the world's 20 top AI companies will be based in either the U.S. or China.

LAIX, a NYSE-listed artificial intelligence education company, reported $26.3 million in revenues in Q3 2018, more than double revenues in the same quarter one year earlier. According to the co-founder and CEO Yi Wang, the Shanghai-based company is now actively building partnerships in K-12 and adult education around the world. Yang said that LAIX is now at the forefront of next-generation education technology. In 2017, IDG Capital joined LAIX's Series C funding round.

Lime, the San Francisco-based electric scooter startup, has launched electric bicycle-sharing operations in the U.K. Lime’s service is centered in Milton Keynes, west of London. In 2017, IDG Capital invested in Lime, now part of Neutron Holdings. Lime is currently valued at more than $1.1 billion.