China's leading food delivery app Meituan Dianping, focusing on instant retail born under the digital economy, displayed new products such as automatic delivery vehicles, drones, smart restaurants and smart pharmacies at the 2022 Global Digital Economy Conference. Chen Rongkai, vice president of Meituan, said that under the strategy of “retail + technology”, the company hopes to rapidly promote the retail efficiency of goods and services based on technological innovation in more than 200 scenarios. IDG Capital was an early investor in Meituan, which went public in on the Hong Kong Stock Exchange in 2018.

Pony.ai, an autonomous driving startup based in China and Silicon Valley, is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade, self-driving trucks with Level 4 autonomy, which means the vehicles can drive themselves in certain conditions without needing a human to intervene. IDG Capital was a seed investor in Pony.ai and also joined its Series A funding round in 2018.