Shein, now one of the leaders in China’s growing global fashion market, is planning to deepen its foothold in the U.S. as its sales to American shoppers continue to soar. The company plans to build three large distribution centers that could eventually reduce shipping times by three to four days in the US. Shein was valued at $100 billion in a funding round earlier this year after it raised money from global investors. In 2016, IDG Capital joined Shein's Series B round.

IDG Capital has led a pre-Series B round of financing in Vathin, a company that researches, develops, and manufactures single-use bronchoscopes. Vathin will use the proceeds to expand its research and product pipeline, scale up clinical trials, as well as strengthen its presence in international markets. Founded in 2018, Vathin counted Olympus, a Japanese camera and gastrointestinal endoscope manufacturer, as its strategic partner and sole agent in the US.