Cryptocurrency exchange Coinbase has acquired Keystone Capital, a Chicago-based investment firm, in a bid to become a fully SEC-regulated broker-dealer. Coinbase, headquartered in San Francisco, has traded more than $150 billion in assets across 20 million customers worldwide. The firm also recently launched a new index fund open to accredited U.S. investors. IDG Capital made its first investment in Coinbase in 2012, the same year the firm was founded.

Hong Kong-listed Tencent has added a shopping search function to its popular messaging WeChat app, listing products from JD.com, China's second largest e-retailer. With a market capitalization of $542 billion, Tencent is now Asia's most valuable publically listed company. It currently ranks No. 5 in the world, behind Apple, Alphabet, Amazon and Microsoft. IDG Capital initially invested in Tencent in 2000.

Korean auto manufacturer Hyundai Motor has extended its partnership with Baidu to include autonomous driving projects and extensive map data. In mid-June, KIA Motors also cooperated with Baidu and Tencent Music to exhibit a new infotainment system during the Consumer Electronics Show Asia in Shanghai. IDG Capital was an early investor in both Baidu, which is listed on NASDAQ, and Tencent, which is listed on the Hong Kong Exchange.