IDG Capital has taken a 13.33% stake in iQiyi Sports, a sports streaming platform jointly operated by Nasdaq-listed iQiyi and IDG Capital-backed Super Sports Media. iQiyi Sports will utilize the combined copyrighted resources of both parent company iQiyi and Super Sports Media. An online video platform backed by IDG Capital, iQiyi said it would provide traffic and advertising support for the new sports platform.

Aurora Mobile, a Shenzhen-based mobile big data solutions platform backed by IDG Capital, has gone public on Nasdaq. Aurora, which had 304% year-over-year revenue growth, provides a broad range of big data services, including financial risk analysis, precision marketing, commercial geography and variety of developer functions. IDG Capital led a Series A funding round in Aurora in 2014.

Bill Liu, Stanford graduate and former IBM research scientist, returned to China in 2012 and founded Royole Corporation, a Fremont, Calif.- and Shenzhen, China-based manufacturer of advanced flexible displays and sensors. Now valued at $5 billion, Royole recently closed a Series E funding round. The firm also recently opened a Shenzhen campus for mass production of fully flexible displays. IDG Capital led Royole's Series B funding round and participated in a Series C round.