IDG Capital led a $43 million Series B funding round in Letus Legend, a Chinese supermarket chain specializing in fresh produce. The Hefei, China-based grocer is currently valued at $433 million. Letus Legend will use the latest funding to launch home delivery services, organize pre-sale events and expand throughout China. Founded in 2014, the company currently has 100 locations in Anhui Province, for which Hefei is the capital.

Neutron Holdings, doing business as Lime, has pledged to make its entire fleet of shareable electric bikes and scooters carbon-free. The San Francisco-based firm said it will purchase renewable energy credits. Lime also plans to fund climate-friendly projects to help minimize pollution. In addition to the U.S., Lime now operates in Europe and Mexico. Only 15 months old, Lime currently operates in more than 100 cities and has registered more than 13 million rides to date. IDG Capital joined Lime's Series A funding round in 2017.

Moncler CEO Remo Ruffini is changing that the way the global high-end fashion industry does business by speeding up the pace at which world-famous designers can launch their latest products. The strategy is paying off. Last year, Montcler, based in Milan, generated $299 million in profits on revenues of $1.43 billion. Its valuation now exceeds $5 billion. In 2011, IDG Capital invested in Moncler which first went public in 2013 on the Borsa Italiana in Milan.