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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, 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 led a Series B funding round in Yuce Biological Technology, a Shenzhen-based biotechnology developer which concentrates on developing gene detection-based diagnoses and immunotherapies for cancer. Yuce Bio said it will use its newest funding to enhance diagnosis capabilities, expand partnerships with clinical and pharmaceutical companies and develop neoantigen solutions for individualized immunotherapy. Founded in 2015, the firm currently has offices in five Chinese cities.“Tumor immunotherapy, whether it is anti-PD-1 drug or CAR-T treatment, has brought us the possibility of curing cancer,”said Yang Fei, an IDG Capital Partner.
Mogu, a Hangzhou, China-based fashion e-commerce platform, has gone public on the New York Stock Exchange (NYSE), pricing at $14 per share. It was the 17th IDG Capital-backed company that filed an initial public offering. For the fiscal year ending March 31, 2017, Mogu reported a 24.6% year-over-year sales increase. It is estimated that Mogu currently owns an 8.1% of China's total $390 billion online fashion market. IDG Capital first backed Mogu in 2012.
IDG Capital led a $8.76 million Series A+ funding round in Freemud, a Shanghai-based payment solutions provider. Founded in 2014, Freemud provides smart digital payment solutions to over 80,000 chain stores in China, including Starbucks, Walmart, McDonalds, Costa Coffee, Family Mart and Subway. The firm also processes approximately 6 million financial transactions per day, including delivery and pick-up services. In addition to retail outlets, Freemud also provides payment services to several large state-owned enterprises, including CITIC Group, a major investment firm in China.