IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Textiles

Smart Fabric Technology

Series C in 2019
Smart Fabric Technology is an innovative enterprise that transforms the textile production and trade process through a cloud-based ERP system. By leveraging the Internet of Things, Smart Fabric connects various stakeholders in the textile supply chain, including garment factories, spinning mills, and dyeing facilities, to streamline operations from customer orders to fabric production. The company focuses on providing intelligent, data-driven manufacturing solutions that enhance efficiency and enable textile manufacturers to digitize their production workflows. By integrating advanced technology into the manufacturing process, Smart Fabric facilitates better management of supply chain demands and enhances collaboration among suppliers, manufacturers, and factories, positioning itself as a leader in smart manufacturing within the textile industry.

Yicang Youpin

Angel Round in 2019
Henan Yicang Youpin Department Store Co., Ltd. is a Chinese retailer that specializes in the online sale of various apparel brands, including clothing, footwear, and children's wear. Established in 2016, the company focuses on promoting domestic brands and operates under a multi-brand strategy that integrates both physical and online retail channels. Its business model emphasizes a new retail format, linking stores with e-commerce to foster a consumer ecosystem. With its headquarters in Xinxiang, Yicang Youpin aims to expand its reach across the country, particularly in third- and fourth-tier cities, through franchise brand collection discount stores and centralized sales strategies. The company supports small local businesses by providing low-cost entry points for aspiring entrepreneurs to launch their own apparel shops, thereby enhancing consumer choices and driving brand promotion.

Acne Studios

Corporate Round in 2018
Acne Studios AB is a luxury fashion house that specializes in designing and manufacturing ready-to-wear clothing, footwear, and accessories for both men and women. Founded in 1996 by Jonny Johansson, the company is headquartered in Stockholm, Sweden, and has flagship stores in major cities worldwide, including Australia, China, the United States, the United Kingdom, and several European countries. Acne Studios is known for its eclectic use of materials and custom-developed fabrics, offering a diverse range of products that include outerwear, jeans, knitwear, dresses, shoes, and leather goods. The brand emphasizes contemporary tailoring and style, catering to a global clientele through its retail locations and online platforms.

Smart Fabric Technology

Series A in 2018
Smart Fabric Technology is an innovative enterprise that transforms the textile production and trade process through a cloud-based ERP system. By leveraging the Internet of Things, Smart Fabric connects various stakeholders in the textile supply chain, including garment factories, spinning mills, and dyeing facilities, to streamline operations from customer orders to fabric production. The company focuses on providing intelligent, data-driven manufacturing solutions that enhance efficiency and enable textile manufacturers to digitize their production workflows. By integrating advanced technology into the manufacturing process, Smart Fabric facilitates better management of supply chain demands and enhances collaboration among suppliers, manufacturers, and factories, positioning itself as a leader in smart manufacturing within the textile industry.

Lianshang

Series C in 2017
Lianshang is an online platform dedicated to fabric trading, designed to facilitate business-to-business transactions in the textile industry. The platform provides fabric manufacturers with a channel to bid for orders, streamlining the procurement process. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's mobile application enhances user experience by allowing customers to identify fabric colors and place orders directly with manufacturers. This approach enables a more efficient and direct purchasing process for fabrics, benefiting both buyers and sellers in the market.

Lianshang

Series B in 2016
Lianshang is an online platform dedicated to fabric trading, designed to facilitate business-to-business transactions in the textile industry. The platform provides fabric manufacturers with a channel to bid for orders, streamlining the procurement process. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's mobile application enhances user experience by allowing customers to identify fabric colors and place orders directly with manufacturers. This approach enables a more efficient and direct purchasing process for fabrics, benefiting both buyers and sellers in the market.

Lianshang

Series A in 2015
Lianshang is an online platform dedicated to fabric trading, designed to facilitate business-to-business transactions in the textile industry. The platform provides fabric manufacturers with a channel to bid for orders, streamlining the procurement process. It offers a range of services, including fabric purchasing, inspection and testing, and logistics support. Additionally, Lianshang's mobile application enhances user experience by allowing customers to identify fabric colors and place orders directly with manufacturers. This approach enables a more efficient and direct purchasing process for fabrics, benefiting both buyers and sellers in the market.

VANCL

Series G in 2014
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

Yinman

Venture Round in 2014
Chinese fashion

INMAN

Series A in 2014
INMAN is a Chinese online retail brand specializing in cotton and linen apparel for everyday use. Founded in 2008 by chairman Fangjianhua, the company has established itself as a prominent player in the online fashion market. INMAN is known for its design philosophy that emphasizes a "simple and elegant" aesthetic, aligning its products with a natural harmony. As a subsidiary of Guangzhou Hui Mei Cloth Co., Ltd., INMAN focuses on delivering quality clothing through its internet portal, catering to a growing consumer demand for sustainable and comfortable fashion.

Yoka

Series C in 2013
YOKA.com is a Chinese fashion website that caters to high-income earners seeking premium brands and an elevated quality of life. It operates as a comprehensive sub-brand under Trends Media Group, which publishes 17 magazines including Cosmopolitan, Esquire, Harper's Bazaar, and custom-made titles like Audi and Toyota. The company adheres to the principle "Think Global, Act Local," collaborating with renowned media groups through copyright agreements and joint ventures. YOKA.com provides a diverse range of fashion information, focusing on beauty, makeup, and other fashion-related products and services.

VANCL

Series F in 2011
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

Moncler

Private Equity Round in 2011
Moncler is a luxury outerwear brand founded in 1952 in France and now headquartered in Italy. The company blends high‑performance mountaineering technology with contemporary fashion, producing jackets, knitwear, accessories and footwear that meet both extreme and everyday needs. Since 2003, Remo Ruffini has led the company as chairman and CEO. Moncler manufactures and sells its collections through a network of mono‑brand boutiques and selective department stores, with 86% of sales generated directly to consumers. The brand operates in roughly 70 countries across Italy, EMEA, Asia and the Americas, and in 2024 its Stone Island acquisition contributed about 13% of revenue. Core outerwear accounts for 75‑80% of sales, while accessories, knitwear and footwear make up the remainder. In 2014 the company reported €694.2 million in revenue and €232.9 million in EBITDA.

Yoka

Series B in 2011
YOKA.com is a Chinese fashion website that caters to high-income earners seeking premium brands and an elevated quality of life. It operates as a comprehensive sub-brand under Trends Media Group, which publishes 17 magazines including Cosmopolitan, Esquire, Harper's Bazaar, and custom-made titles like Audi and Toyota. The company adheres to the principle "Think Global, Act Local," collaborating with renowned media groups through copyright agreements and joint ventures. YOKA.com provides a diverse range of fashion information, focusing on beauty, makeup, and other fashion-related products and services.

TopScore Fashion

Series A in 2011
TopScore Fashion Co., Ltd. specializes in women's footwear, primarily in China. Founded in 2004 and based in Guangzhou, the company offers a range of products made from leather, fur, and feathers under various brands, including KISSCAT, Kiss Kitty, ZSAZSAZSU, Tigrisso, and Patricia. TopScore markets its products through approximately 2,000 physical outlets as well as e-commerce channels, ensuring a broad reach to consumers.

UYA100

Series A in 2011
Uya100 is a Chinese company established in 2010 and headquartered in Beijing, specializing in the sale of home textiles. It primarily offers products under its own Toscaso brand, alongside a selection of bed and bath textile products from other notable brands, including FUANNA and DUOHIA. Uya100.com functions as an online shopping platform, focusing on premium bedding and bathing items such as pillows, pillowcases, quilts, quilt covers, sheets, towels, and bath mats. The company aims to enhance the quality of life for Chinese consumers by providing high-quality home products. In 2010, Uya100 introduced a green product line featuring various cotton items, including tissues and cosmetics.

VANCL

Series E in 2010
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

Yoka

Series B in 2009
YOKA.com is a Chinese fashion website that caters to high-income earners seeking premium brands and an elevated quality of life. It operates as a comprehensive sub-brand under Trends Media Group, which publishes 17 magazines including Cosmopolitan, Esquire, Harper's Bazaar, and custom-made titles like Audi and Toyota. The company adheres to the principle "Think Global, Act Local," collaborating with renowned media groups through copyright agreements and joint ventures. YOKA.com provides a diverse range of fashion information, focusing on beauty, makeup, and other fashion-related products and services.

VANCL

Series D in 2008
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

VANCL

Series B in 2008
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

VANCL

Series A in 2007
VANCL is a Chinese retail company founded in 2007 by Chen Nian, headquartered in Beijing. It specializes in online sales of modern apparel, accessories, footwear, luggage, and textiles at competitive prices. The company offers a diverse range of products, including men's shirts, women's and children's clothing, T-shirts, trousers, dresses, shoes, and various accessories such as bags, belts, and sunglasses. In addition to its online platform, VANCL also operates physical stores, providing customers with multiple shopping options. The company's focus on quality and affordability has positioned it as a prominent player in the Chinese retail market.

Yoka

Series A in 2007
YOKA.com is a Chinese fashion website that caters to high-income earners seeking premium brands and an elevated quality of life. It operates as a comprehensive sub-brand under Trends Media Group, which publishes 17 magazines including Cosmopolitan, Esquire, Harper's Bazaar, and custom-made titles like Audi and Toyota. The company adheres to the principle "Think Global, Act Local," collaborating with renowned media groups through copyright agreements and joint ventures. YOKA.com provides a diverse range of fashion information, focusing on beauty, makeup, and other fashion-related products and services.
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