News Break, an AI-powered news aggregation app created in 2015 by Mountain View, Calif.-based Particle Media, has raised $115 million in new funding. IDG Capital also participated this round. The round has made News Break “one of the first new unicorns of 2021”. Currently ranked on the 4^th spot in the News category of Apple’s U.S. App Store, News Break is reaching 12 million daily active users. Previously, IDG Capital led News Break's Series A round in 2016 and also joined its Series B round in 2017.News Break, an AI-powered news aggregation app created in 2015 by Mountain View, Calif.-based Particle Media, has raised $115 million in new funding. IDG Capital also participated this round. The round has made News Break “one of the first new unicorns of 2021”. Currently ranked on the 4^th spot in the News category of Apple’s U.S. App Store, News Break is reaching 12 million daily active users. Previously, IDG Capital led News Break's Series A round in 2016 and also joined its Series B round in 2017.

Shein, a women's fashion e-commerce platform reaching tens of millions of customers worldwide, is challenging more established rivals like Zara by offering a near-endless supply of styles at almost impossible price points. Shein sells exclusively online, operating no brick-and-mortar stores. Its app had topped 100 million downloads and counted over 20 million annual users as of 2019. During 2020, Shein logged almost $10 billion in sales. Previously, IDG Capital joined Shein's Series B round.