IDG Capital

work with private equity and venture capital fund managers, investment advisors and business entities from around the world.

Xiaohui Cao

Partner

Cui Guangfu

Partner

Jun Fang

Partner

Mei Gao

Partner

Simon Ho

CFO

Bingjun Huangfu

Partner

Ning Kang

Managing Director

Jianguang Li

Partner

Xiaojun Li

Partner

Meng Lian

Partner

Yikun Liu

Partner

Jun Lou

Partner

Michelle Ma

Partner

Kuiguang Niu

Partner

Hugo Shong

Founding Chairman

Yuhan Sun

Vice President

Chen Tong

Partner

Xiao Wang

Partner

Shu Wang

General Partner

Jeacy Yan

Partner

Jin Yu Ph.D

Partner

Xinhua Yu

Partner

Antony Yung

Partner

Jianbin Zhang

Vice President

Suyang Zhang

Managing Partner

Maria Zhang

Venture Partner

Haitao Zhang

Managing Director

Zhiyong Zhen

Principal

Jian Zhu

Venture Partner

Peter Zhang Ph.D

Vice President

Past deals in Hong Kong

Cider

Series A in 2021
Cider is a direct-to-consumer (DTC) e-commerce platform focusing on overseas markets. Its innovative approach to building community, reducing inventory waste, and shipping anywhere has made it a new favorite for a generation of digitally native consumers. By integrating a pre-order option and educating the customer on the possibility of a zero-inventory future, Cider’s retail model is actively reducing the waste that often accompanies accessible fashion — without having to sacrifice affordability. It was founded in 2020 and is based in Hong Kong.

Cider

Angel Round in 2020
Cider is a direct-to-consumer (DTC) e-commerce platform focusing on overseas markets. Its innovative approach to building community, reducing inventory waste, and shipping anywhere has made it a new favorite for a generation of digitally native consumers. By integrating a pre-order option and educating the customer on the possibility of a zero-inventory future, Cider’s retail model is actively reducing the waste that often accompanies accessible fashion — without having to sacrifice affordability. It was founded in 2020 and is based in Hong Kong.

Qi An Xin

Private Equity Round in 2019
Qi An Xin Group is a leading security provider dedicated to protecting critical and valuable internet assets in a wide range of areas including Government, Finance, Energy, Telecom, etc. We are the fastest-growing company in the Chinese security market with over 90% consecutive compound annual growth rate since 2015. Under the hard work of 6000+ professionals, our technologies have been adopted in 90% of government departments, state-owned companies, and large banks. We start our international development in 2019 and extend our global business in Indonesia, Singapore, Canada, Hong Kong, Macao, etc.

Acadsoc

Series C in 2019
Acadsoc is an advanced online education platform for languages, academic subjects as well as skills. Students and tutors can come together to learn and teach anytime and anywhere as needed. Acadsoc is now offering Online Tutoring, Study Abroad Consultancy, and Video Learning services.

Acne Studios

Corporate Round in 2018
Acne Studios is a luxury fashion house based in Stockholm, Sweden, founded in 1996 by Jonny Johansson. The company designs and manufactures a diverse range of ready-to-wear clothing, footwear, eyewear, and accessories for both men and women. Its product offerings include coats, jackets, jeans, dresses, knitwear, and various leather goods, alongside a selection of denim products. Acne Studios emphasizes tailoring and innovative use of materials, catering to contemporary fashion trends. The brand operates flagship stores in major cities, including Australia, China, the United States, and several European countries, and sells its products through a combination of its own retail locations, global retailers, and online platforms.

Plair

Initial Coin Offering in 2018
Plair Limited operates a decentralized gaming ecosystem designed to create a community space for gamers. It facilitates engagement through various online and offline events, including tournaments, while providing tools that enable users to earn a sustainable living and pursue career opportunities in gaming. The platform employs blockchain technology to implement a gamer-focused economic model, allowing members to be rewarded for their contributions with Plair Tokens, a cryptocurrency asset. By fostering social interaction and financial empowerment, Plair aims to redefine the value of participation in the gaming community. The company is headquartered in Hong Kong.

Circle

Series E in 2018
Circle is a financial technology company that leverages blockchain technology to facilitate the sending, receiving, and investing of cryptocurrency assets globally. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a user-friendly online platform that simplifies money transfers and includes services such as Circle Pay for peer-to-peer payments. In addition, the company provides Circle Invest, allowing users to buy and sell cryptocurrencies, and Circle Trade, which operates a trading desk with a substantial liquidity pool for digital assets, averaging $2 billion in monthly trading volume. With significant backing from investors, including notable firms such as Goldman Sachs and Accel Partners, Circle has established a presence in major cities, including Boston, New York, San Francisco, Dublin, London, and Hong Kong. The company is dedicated to accelerating global crypto innovation and adoption through its various financial services.

Acadsoc

Series B in 2017
Acadsoc is an advanced online education platform for languages, academic subjects as well as skills. Students and tutors can come together to learn and teach anytime and anywhere as needed. Acadsoc is now offering Online Tutoring, Study Abroad Consultancy, and Video Learning services.

Acadsoc

Series B in 2017
Acadsoc is an advanced online education platform for languages, academic subjects as well as skills. Students and tutors can come together to learn and teach anytime and anywhere as needed. Acadsoc is now offering Online Tutoring, Study Abroad Consultancy, and Video Learning services.

BITMAIN

Series A in 2017
Bitmain is a manufacturer of Bitcoin mining hardware and other related services. Bitmain was founded by several of the digital currency industry’s earliest players, and their team is comprised of passionate and pedigreed engineers, financial experts, and Bitcoin enthusiasts. Bitmain is headquartered in Beijing and has offices in San Francisco, Tel Aviv, Hong Kong, Chengdu and Shenzhen.

Nio

Series C in 2017
Nio Limited is a prominent electric vehicle manufacturer based in Shanghai, China, focusing on the premium segment of the market. Founded in 2014, the company designs, jointly manufactures, and sells smart electric vehicles, including five, six, and seven-seater SUVs. Nio is recognized for its innovative technology, including battery swapping and autonomous driving features, which enhance user experience. Its model lineup includes the ES8, a high-performance seven-seater SUV launched in 2018, the ES6 five-seater SUV, and the EC6 electric coupe SUV. The company also provides a range of charging solutions, such as home charging, battery swapping services, and mobile charging options, alongside value-added services like insurance and maintenance. In addition to its electric vehicle offerings, Nio collaborates with organizations like Mobileye N.V. to advance its technology. As of 2023, Nio has sold over 160,000 electric vehicles, capturing approximately 2% of the new energy vehicle market in China.

Nio

Series B in 2016
Nio Limited is a prominent electric vehicle manufacturer based in Shanghai, China, focusing on the premium segment of the market. Founded in 2014, the company designs, jointly manufactures, and sells smart electric vehicles, including five, six, and seven-seater SUVs. Nio is recognized for its innovative technology, including battery swapping and autonomous driving features, which enhance user experience. Its model lineup includes the ES8, a high-performance seven-seater SUV launched in 2018, the ES6 five-seater SUV, and the EC6 electric coupe SUV. The company also provides a range of charging solutions, such as home charging, battery swapping services, and mobile charging options, alongside value-added services like insurance and maintenance. In addition to its electric vehicle offerings, Nio collaborates with organizations like Mobileye N.V. to advance its technology. As of 2023, Nio has sold over 160,000 electric vehicles, capturing approximately 2% of the new energy vehicle market in China.

Circle

Series D in 2016
Circle is a financial technology company that leverages blockchain technology to facilitate the sending, receiving, and investing of cryptocurrency assets globally. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a user-friendly online platform that simplifies money transfers and includes services such as Circle Pay for peer-to-peer payments. In addition, the company provides Circle Invest, allowing users to buy and sell cryptocurrencies, and Circle Trade, which operates a trading desk with a substantial liquidity pool for digital assets, averaging $2 billion in monthly trading volume. With significant backing from investors, including notable firms such as Goldman Sachs and Accel Partners, Circle has established a presence in major cities, including Boston, New York, San Francisco, Dublin, London, and Hong Kong. The company is dedicated to accelerating global crypto innovation and adoption through its various financial services.

Animoca Brands

Post in 2016
Animoca Brands is a digital entertainment company that specializes in leveraging gamification, blockchain, and artificial intelligence technologies to develop and publish a diverse range of mobile products globally. The company is known for its popular games, including The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as titles based on well-known intellectual properties such as Formula 1, Marvel, Garfield, and Doraemon. Additionally, Animoca Brands supports the implementation of Web3.0 strategies for intellectual property holders, providing a platform that enables the creation of non-fungible tokens (NFTs) and fungible tokens. This platform allows IP holders, including brands and artists, to monetize their rights and build fan communities within the blockchain ecosystem. With a strong portfolio of blockchain investments and partnerships, Animoca Brands aims to enhance user experiences and facilitate the trading of digital property rights. The company operates across multiple locations, including Australia, Hong Kong, South Korea, Finland, and Argentina.

Circle

Series C in 2015
Circle is a financial technology company that leverages blockchain technology to facilitate the sending, receiving, and investing of cryptocurrency assets globally. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a user-friendly online platform that simplifies money transfers and includes services such as Circle Pay for peer-to-peer payments. In addition, the company provides Circle Invest, allowing users to buy and sell cryptocurrencies, and Circle Trade, which operates a trading desk with a substantial liquidity pool for digital assets, averaging $2 billion in monthly trading volume. With significant backing from investors, including notable firms such as Goldman Sachs and Accel Partners, Circle has established a presence in major cities, including Boston, New York, San Francisco, Dublin, London, and Hong Kong. The company is dedicated to accelerating global crypto innovation and adoption through its various financial services.

Secoo

Series D in 2014
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

Secoo

Series C in 2013
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

Secoo

Series B in 2012
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

Baiyaxuan

Venture Round in 2011
Baiyaxuan is a Chinese institution focused on artist promotion, artistic copyright, and comprehensive artwork operations. It aims to popularize the work of promising artists while fostering innovative practices in art industrialization. The organization has established a worldwide operational platform that integrates top artistic resources and artwork. Baiyaxuan operates seven subordinate galleries and has developed a chain operation model that emphasizes brand building and international outreach. Its core business encompasses various areas, including chain galleries, art copyright development, printmaking, art licensing, investment and collection of artworks, and cultural exchanges. With its main offices in Beijing, Shanghai, and Hong Kong, Baiyaxuan has created an extensive operational system that spans across China, promoting both domestic and international cultural communication.

Animoca Brands

Post in 2011
Animoca Brands is a digital entertainment company that specializes in leveraging gamification, blockchain, and artificial intelligence technologies to develop and publish a diverse range of mobile products globally. The company is known for its popular games, including The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as titles based on well-known intellectual properties such as Formula 1, Marvel, Garfield, and Doraemon. Additionally, Animoca Brands supports the implementation of Web3.0 strategies for intellectual property holders, providing a platform that enables the creation of non-fungible tokens (NFTs) and fungible tokens. This platform allows IP holders, including brands and artists, to monetize their rights and build fan communities within the blockchain ecosystem. With a strong portfolio of blockchain investments and partnerships, Animoca Brands aims to enhance user experiences and facilitate the trading of digital property rights. The company operates across multiple locations, including Australia, Hong Kong, South Korea, Finland, and Argentina.

Animoca Brands

Series A in 2011
Animoca Brands is a digital entertainment company that specializes in leveraging gamification, blockchain, and artificial intelligence technologies to develop and publish a diverse range of mobile products globally. The company is known for its popular games, including The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as titles based on well-known intellectual properties such as Formula 1, Marvel, Garfield, and Doraemon. Additionally, Animoca Brands supports the implementation of Web3.0 strategies for intellectual property holders, providing a platform that enables the creation of non-fungible tokens (NFTs) and fungible tokens. This platform allows IP holders, including brands and artists, to monetize their rights and build fan communities within the blockchain ecosystem. With a strong portfolio of blockchain investments and partnerships, Animoca Brands aims to enhance user experiences and facilitate the trading of digital property rights. The company operates across multiple locations, including Australia, Hong Kong, South Korea, Finland, and Argentina.

Evisu

Corporate Round in 2011
Designer and manufacturer of designer apparel intended to provide denim apparel. The company operates as an internationally acclaimed lifestyle brand that started gaining the attention of the fashion world with Japanese selvage contemporary apparel with a product portfolio that includes full collections of men's and womenswear, with around 150 stores globally.

Secoo

Series A in 2011
Secoo Holding Limited operates a comprehensive online and offline shopping platform primarily in China, Hong Kong, and internationally. Founded in 2011 and headquartered in Beijing, the company offers a wide range of upscale products and services, including luxury bags, watches, clothing, cosmetics, and home goods, through its website, mobile applications, and physical experience centers. Additionally, Secoo serves as a marketplace for third-party merchants to sell their upscale products. The company's business model integrates offline stores with an online mall, facilitating direct sales to consumers. Secoo has established strategic partnerships, including an alliance with Parkson Group, and plans to expand its presence through exhibition centers in major cities. The majority of its revenue is generated from online sales, with a significant customer base that includes a large number of VIP members.

China Outfitters Holdings

Venture Round in 2010
China Outfitters Holdings Limited is a rapidly expanding company specializing in the design, production, marketing, and sales of apparel in China, with a particular emphasis on menswear. The company provides a diverse selection of men's casual wear, including smart casual, outdoor leisure, and accessories, targeting middle- and high-income consumers. It operates under several internationally recognized brands, including licensed offerings from the Santa Barbara Polo & Racquet Club. Through its extensive product range, the company aims to meet the evolving fashion needs of its clientele in the competitive apparel market.

Bosideng

Post in 2009
Bosideng International Holdings Limited is a prominent Chinese company specializing in the research, design, manufacturing, marketing, and distribution of down apparel products, as well as non-down apparel. It operates through four main segments: Down Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels. The company offers a variety of branded down jackets under names such as Bosideng, Snow Flying, and Bengen, while its ladieswear products are marketed under brands like JESSIE and KLOVA. In addition to its core apparel business, Bosideng provides logistics, e-business solutions, and brand design services. With a robust retail presence of over 8,000 outlets in China, Bosideng solidifies its leadership in the down jacket market, catering to diverse consumer segments. Established in 1976, the company is headquartered in Central, Hong Kong.

BIT Mining

Series A in 2007
BIT Mining Limited is a cryptocurrency mining enterprise that acquires cryptocurrency mining machines to mine for both Bitcoin and Ethereum. The company was originally an online sports lottery service provider that aggregates and processes lottery purchase orders. It derives nearly all of its revenue from service fees paid by local sports lottery administration centers for the purchase orders of sports lottery products directed to such centers. BIT Mining Limited was founded in October 2001 in Shenzhen as 500wan.com Ltd., with a registered capital of RMB 50 million. The company secured venture capital investments of several million U.S. dollars from IDG Capital Partners, Sequoia Capital, and SIG Capital in September 2007. It changed its name to 500.com in October 2013 and went public on the New York Stock Exchange (NYSE) under the symbol WBAI on November 22, 2013.

Ocean Butterflies

Series B in 2007
Ocean Butterflies International is a comprehensive independent music company in Asia. Ocean Butterflies comprises of major businesses that include record labels, music production, product branding, artist management, concert organizing, mobile distribution, licensing network, digital music platform, music school, artist training, marketing, and event organization companies. Established in 1986 in Singapore, Ocean Butterflies now operates in five regions: Mainland China, Hong Kong, Taiwan, Singapore, and Malaysia.

Ocean Butterflies

Series A in 2006
Ocean Butterflies International is a comprehensive independent music company in Asia. Ocean Butterflies comprises of major businesses that include record labels, music production, product branding, artist management, concert organizing, mobile distribution, licensing network, digital music platform, music school, artist training, marketing, and event organization companies. Established in 1986 in Singapore, Ocean Butterflies now operates in five regions: Mainland China, Hong Kong, Taiwan, Singapore, and Malaysia.
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