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The first firm to bring foreign venture capital to China. A global leader in venture capital, private equity and mergers and acquisitions.
Our investment partners include fund managers, government/sovereign wealth funds, pension funds, institutional investors, charities, university endowments and more.
Founded in 1992, IDG Capital has made more than 750 investments in companies in China and around the world.
More than 170 successful exits. We funded more than half of all Chinese unicorns in early rounds.
IDG Capital co-led a $20 million Series A funding round in KuCoin, a Singapore-based cryptocurrency exchange. With operations in Hong Kong, Singapore, Thailand and the Philippines, the firm now has more than five million registered users. KuCoin said it plans to use the investment to enhance customer security, improve trading and expand into Vietnam, Turkey, Italy, Russia and many Spanish-speaking countries.“IDG Capital has been investing in crypto-related companies since 2012," IDG Partner Young Guo said.“We want to be at the forefront of this movement to ensure that legitimate projects led by teams with integrity get noticed.”
Baidu's new artificial intelligence (AI) lab named nine internationally renowned scientists to its Baidu Research advisory board. The Chinese search engine conglomerate said its AI board now has representatives from Carnegie Mellon University, the University of Illinois Urbana-Champaign and AT&T Labs. With offices now in Beijing, Seattle and Silicon Valley, Baidu Research operation focuses on cutting-edge AI topics, including natural language processing, computer vision and deep learning. IDG Capital was an early investor in Baidu, which first went public on Nasdaq in 2005.
iQiyi, the Chinese equivalent of Netflix, has acquired the exclusive streaming rights to“The Late Late Show with James Corden”from CBS Studios International. The deal marks the first time that China will stream a U.S. talk show, including current and past episodes available on demand. iQiyi, based in Beijing, now has 126 million active daily users streaming programs online. In 2017, IDG Capital backed iQiyi, which went public on Nasdaq in March of this year.