OPay, a Nigerian mobile payments firm, has announced a strategic partnership with Mastercard. OPay customers from countries such as Algeria, Morocco, Egypt, Nigeria, and the UAE will benefit from Mastercard’s virtual payment solution linked to their OPay wallets. Launched in 2018, OPay’s active users have grown to 15 million in dozens of markets in which it operates. The company processes millions of transactions per day on average. IDG Capital, which was also previously a pre-IPO investor in OPay's parent company, led a $50 million investment round in the firm.

IDG Capital has exclusively invested in Shanghai Weimu Medical, a high-end interventional medical device platform based on innovative materials in the fields of tumor intervention and pan-vascular intervention. Two of Weimu Medical’s core medical products have completed the first patient enrollment. The founder, Dr. Xie Dang, with nearly 15 years of experience in the field of polymer materials, served in prestigious domestic and foreign leading companies such as 3M and Hengrui Pharma.