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 Collaborative Consumption

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.

Plum

Series B in 2019
Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.

Chuman

Series B in 2019
Chuman is a UGC Pan-Secondary Creation Community, providing creative platforms and studios for comic creators, and providing IP incubation and resource docking services. Users can quickly generate a lot of content through third-party or official materials, and can make friends, transactions and other activities within the community through the creation, while the APP also supports the dialogue novel reading function.

RentoMojo

Series C in 2019
RentoMojo is an online furniture and appliance rental platform founded in November 2014 by Geetansh Bamania in India. The company operates in several major cities, including Bangalore, Pune, Mumbai, Hyderabad, Chennai, Delhi, Gurgaon, and Noida. RentoMojo offers a convenient solution for young professionals and others living in rental properties, allowing them to rent furniture, home appliances, and electronics on a monthly basis. This model enables customers, especially those who frequently relocate, to avoid the hassle of buying and selling durable goods, providing a flexible and cost-effective alternative for furnishing their living spaces.

Beidian

Series A in 2019
Beidian operates as an innovative e-commerce platform that connects consumers, shop owners, and suppliers, offering a diverse range of products including home goods, clothing, food, beauty items, and products for mothers and babies. Unlike traditional e-commerce platforms, Beidian emphasizes social sharing among users, fostering a three-way connection that enhances the shopping experience. The company adheres to a source supply chain model, collaborating closely with numerous high-quality brands, source factories, and agricultural bases worldwide. This approach ensures that consumers have access to premium products at competitive prices, allowing them to purchase better goods while spending less.

Songshu Pinpin

Series B in 2019
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Smart Bees

Series B in 2019
Smart Bees is a foldable furniture developer.

Songshu Pinpin

Series A in 2018
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

VETRESKA

Series A in 2018
Modern, avant-garde Pets Lifestyle brand, pushing the boundaries of imagination on pet products.

Chaodian

Angel Round in 2018
Chaodian Culture

Xiangwushuo

Series B in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Xiangwushuo

Series A in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Mobile Go

Series A in 2018
Mobile Go is a startup focused on enhancing the ride-sharing experience by providing in-car snack and drink services. The company places snack boxes in vehicles, allowing passengers to conveniently purchase refreshments during their rides. This service not only improves the overall rider experience but also offers drivers an additional source of revenue. By integrating snack options into the ride-sharing environment, Mobile Go aims to create a more enjoyable and satisfying journey for passengers while supporting drivers financially.

Chuman

Series A in 2017
Chuman is a UGC Pan-Secondary Creation Community, providing creative platforms and studios for comic creators, and providing IP incubation and resource docking services. Users can quickly generate a lot of content through third-party or official materials, and can make friends, transactions and other activities within the community through the creation, while the APP also supports the dialogue novel reading function.

Plum

Series A in 2017
Plum is an e-commerce platform for second-hand fashion products. It works as a one-stop consignment service platform that provides filming, sales, customer service, sale, and a full set of consignment services. Plum was founded on 2015 and is headquartered in Beijing, China.

YCloset

Series C in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

RentoMojo

Series B in 2017
RentoMojo is an online furniture and appliance rental platform founded in November 2014 by Geetansh Bamania in India. The company operates in several major cities, including Bangalore, Pune, Mumbai, Hyderabad, Chennai, Delhi, Gurgaon, and Noida. RentoMojo offers a convenient solution for young professionals and others living in rental properties, allowing them to rent furniture, home appliances, and electronics on a monthly basis. This model enables customers, especially those who frequently relocate, to avoid the hassle of buying and selling durable goods, providing a flexible and cost-effective alternative for furnishing their living spaces.

Chengjia

Seed Round in 2017
Chengjia Apartment is a rental start-up based in Shanghai, China, that offers a variety of accommodation options including apartments, hotels, and homestays. Founded in 2015, the company provides flexible rental terms ranging from weekly to long-term stays, catering to diverse customer needs. Chengjia Apartment focuses on creating a high-quality living environment, combining the comforts of home with hotel-style services to ensure a warm and comfortable experience for its guests. The business has expanded significantly, managing nearly 100 properties across major cities in China and offering over 10,000 houses and related services. Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital, reflecting a strong partnership in the hospitality sector.

YCloset

Series B in 2017
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Dida Chuxing

Series D in 2017
Provider of a mobile ride-hailing application designed to match customers with local drivers in China. The company's platform offers various kinds of ride sharing services that enable the users to place their destination through the mobile application and also offers regular taxi services, enabling clients to efficiently to improve riding experience.

Songshu Pinpin

Seed Round in 2016
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Chengjia

Angel Round in 2016
Chengjia Apartment is a rental start-up based in Shanghai, China, that offers a variety of accommodation options including apartments, hotels, and homestays. Founded in 2015, the company provides flexible rental terms ranging from weekly to long-term stays, catering to diverse customer needs. Chengjia Apartment focuses on creating a high-quality living environment, combining the comforts of home with hotel-style services to ensure a warm and comfortable experience for its guests. The business has expanded significantly, managing nearly 100 properties across major cities in China and offering over 10,000 houses and related services. Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital, reflecting a strong partnership in the hospitality sector.

RentoMojo

Series A in 2016
RentoMojo is an online furniture and appliance rental platform founded in November 2014 by Geetansh Bamania in India. The company operates in several major cities, including Bangalore, Pune, Mumbai, Hyderabad, Chennai, Delhi, Gurgaon, and Noida. RentoMojo offers a convenient solution for young professionals and others living in rental properties, allowing them to rent furniture, home appliances, and electronics on a monthly basis. This model enables customers, especially those who frequently relocate, to avoid the hassle of buying and selling durable goods, providing a flexible and cost-effective alternative for furnishing their living spaces.

YCloset

Series A in 2016
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

RentoMojo

Seed Round in 2015
RentoMojo is an online furniture and appliance rental platform founded in November 2014 by Geetansh Bamania in India. The company operates in several major cities, including Bangalore, Pune, Mumbai, Hyderabad, Chennai, Delhi, Gurgaon, and Noida. RentoMojo offers a convenient solution for young professionals and others living in rental properties, allowing them to rent furniture, home appliances, and electronics on a monthly basis. This model enables customers, especially those who frequently relocate, to avoid the hassle of buying and selling durable goods, providing a flexible and cost-effective alternative for furnishing their living spaces.

Hivetrips

Venture Round in 2015
In recent years, tourism has changed all around the world with the post-90s generation becoming increasingly important. Unlike previous generations they are not satisfied with group tours or cursory sightseeing trips. Rather, they are looking for more meaningful experiences through which to enrich their lives and help them standout. Hive was born to meet these needs. We have gathered many experienced travelers and travel experts and the team keeps growing every day. Over 100,000 young people have had their lives enhanced through Hive.

Hivetrips

Angel Round in 2015
In recent years, tourism has changed all around the world with the post-90s generation becoming increasingly important. Unlike previous generations they are not satisfied with group tours or cursory sightseeing trips. Rather, they are looking for more meaningful experiences through which to enrich their lives and help them standout. Hive was born to meet these needs. We have gathered many experienced travelers and travel experts and the team keeps growing every day. Over 100,000 young people have had their lives enhanced through Hive.

YouChe.com

Series B in 2015
YouChe.com is a Chinese online trading platform specializing in second-hand cars. It operates under a business-to-consumer (B2C) and online-to-offline (O2O) model, facilitating the trading of used vehicles. The platform offers a comprehensive range of services, including vehicle trading and financing options, to assist customers in their purchasing decisions. By combining digital and physical elements, YouChe.com aims to streamline the process of buying and selling second-hand cars, catering to the needs of both individual consumers and the broader automotive market.

Dida Chuxing

Series C in 2015
Provider of a mobile ride-hailing application designed to match customers with local drivers in China. The company's platform offers various kinds of ride sharing services that enable the users to place their destination through the mobile application and also offers regular taxi services, enabling clients to efficiently to improve riding experience.

700Bike

Series A in 2015
700Bike Inc. is an online platform based in Beijing, China, dedicated to promoting cycling culture and lifestyle. Founded in 2012, the company aims to blend fashion and trend with cycling, encouraging a modern approach to exercise and transportation. It serves as a community hub for cycling enthusiasts, fostering a deeper appreciation of bicycle culture through various events and media initiatives. Over its early years, 700Bike established itself as a pioneer in the cycling media sector, hosting influential events that attracted nearly 10,000 participants. In addition to its cultural initiatives, 700Bike also designs and manufactures a range of innovative bicycles that cater to the growing consumer demand for stylish and practical cycling options.

Linglong Salon

Angel Round in 2015
Linglong Salon operates a platform tailored for urban females, focusing on creating a social forum and mobile community. The company facilitates a space where women can share hobbies, exchange information, and gain insights into various aspects of life. By fostering social connections, Linglong Salon enhances the socialization experiences of its users, allowing them to engage with one another and access a wealth of integrated information.

Move Loot

Series A in 2015
Move Loot Inc. operates an online marketplace for buying and selling new and used furniture in the United States, primarily serving clients in North Carolina, Georgia, New York, and California. The company allows sellers to submit their furniture easily, after which it curates, prices, and lists the items on its platform. Move Loot manages the logistics by arranging pickups from sellers and delivering the items to buyers, ensuring a hassle-free experience. Its extensive range of offerings includes sofas, chairs, tables, beds, and various home décor items. Founded in 2013 and based in San Francisco, Move Loot aims to provide customers with unique and affordable furniture options while facilitating a seamless transaction process.

Dida Chuxing

Series A in 2014
Provider of a mobile ride-hailing application designed to match customers with local drivers in China. The company's platform offers various kinds of ride sharing services that enable the users to place their destination through the mobile application and also offers regular taxi services, enabling clients to efficiently to improve riding experience.

Guazi Car Rental

Series B in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Sobrr

Seed Round in 2014
Developer of a social networking platform designed to promote new lifestyles by bringing modern technologies into everyday lives. The company's platform helps users to share content and meet new people freely, and with content that expires in 24 hours, users can be more spontaneous and less cautious with their interactions, enabling millennials to connect in a realistic and hassle-free way.

YouChe.com

Series A in 2014
YouChe.com is a Chinese online trading platform specializing in second-hand cars. It operates under a business-to-consumer (B2C) and online-to-offline (O2O) model, facilitating the trading of used vehicles. The platform offers a comprehensive range of services, including vehicle trading and financing options, to assist customers in their purchasing decisions. By combining digital and physical elements, YouChe.com aims to streamline the process of buying and selling second-hand cars, catering to the needs of both individual consumers and the broader automotive market.

Guazi Car Rental

Series A in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Zapya

Series B in 2014
Zapya - Which is available in English or Chinese (where it's called Kuaiya) - makes it easy for people to shares files, peer-to-peer, over wi-fi so lang as everyone involved has Zapya installed.

Zhubajie

Series B in 2014
Zhubajie is the largest online service market in China. Since its inception in 2006, Zhubajie has been doing non-standard service trading, rather than selling standardized goods. As China's earliest professional skills-sharing economic platform, the Zhubajie network has gathered more than 10 million professional skills and institutions. More than six million businesses have used the Zhubajie network to find professionals to do professional things, buy logo designs, programming, intellectual property, finance and other life-cycle services.

Zhubajie

Series A in 2011
Zhubajie is the largest online service market in China. Since its inception in 2006, Zhubajie has been doing non-standard service trading, rather than selling standardized goods. As China's earliest professional skills-sharing economic platform, the Zhubajie network has gathered more than 10 million professional skills and institutions. More than six million businesses have used the Zhubajie network to find professionals to do professional things, buy logo designs, programming, intellectual property, finance and other life-cycle services.

ItrybeforeIbuy

Series A in 2006
ItrybeforeIbuy.com is China’s first experience-based marketing platform. Including product trials, comment sharing, and special offers, the website also provides functions such as brand marketing, sale leads, market research, the ability to establish a user club, and other promotion services. Currently, ItrybeforeIbuy.com has more than 3 million members, which increases by 5000 every day. 80% of them are active users. Most of its members are highly-educated people between 20 to 35 years old and with a monthly income of more than 3000 Yuan.
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