imToken, a China- and Singapore-based Ethereum wallet app, has raised $30 million in a Series B financing round. Founded in 2016, imToken now has 12 million users, who’ve used the platform to stash over $50 billion in crypto assets like Bitcoin and Ether. The company - which has generated positive cash flow since late 2020 - plans to grow users to 100 million in five years. The fresh capital will be used to accelerate the development of its next iteration imToken 3.0, recruit talent, and build a research arm called imToken Labs. IDG Capital led imToken's $10 million Series A funding round in2018.

Nasdaq-listed iQiyi, China's dominant online video platform based in Beijing, has announced a strategic partnership with two local powerhouses in Malaysia – Primeworks Studio, the content production and distribution arm of media giant Media Prima, as well as Celcom, one of the nation’s largest telecom companies. All of the Malaysian channel's titles will be made available within a dedicated tab on the iQiyi app for local content. iQiyi had grown its user base by more than 15 times by the end of 2020 and the fiture is expected to grow further through these partnerships. IDG Capital joined iQiyi's $1.53 billion financing round in 2017.

San Francisco-based electric scooter giant Lime is adding new features such as app-less riding, 10-minute reservations, and vehicle configurations. Lime will now allow customers to reserve a scooter for 10 minutes in an effort to take some of the stress out of scooter riding. Lime will also start recommending the nearest vehicle with the best battery range. Lime says this will help customers secure their vehicle faster, estimating it will take “less than 5 seconds” to reserve a scooter after opening the app. Lime, which operates in 120 cities across five continents, is in growth mode as the weather warms up in certain key markets. IDG Capital joined Lime's Series A funding round in 2017.

Ripple,San Francisco-based blockchain payment firm, has acquired a large stake in Tranglo, an Asia-based cross-border payments specialist, to meet growing customer demand. Ripple said its investment in Tranglo is a part of its commitment to enhancing the payments ecosystem in Southeast Asia. “We believe much of Ripple’s success can be attributed to their disciplined focus on user experience and ease-of-use, and we look forward to helping them apply that same focus to a wide range of services beyond their core wallet offerings,” said Guo Yihong, general partner at IDG Capital. IDG Capital was an angel investor in Ripple.

Klaytn, the blockchain project of South Korean tech giant Kakao, has established a partnership with NFT marketplace OpenSea to bring a nonfungible token market to its platform. OpenSea is one of the fastest-growing venues for the exchange of NFTs, with its reported March transaction volume of $100 million marking a 1,150% increase from that in January. Ground X CEO Jason Han said the partnership with OpenSea would open up Klaytn’s community to a wider range of options when it comes to NFTs. In 2018, IDG Capital invested in Klaytn.

IDG Capital has led a $70 million Series B financing round in ZhenGe Biotechnology, a Contract development and manufacturing organization firm based in Shanghai. Established in 2017, ZhenGe has served over 80 clients for clinical-stage production and investigational new drug application projects. The company’s offerings include treatments towards vaccine products, antibody-drug conjugate and fusion protein. ZhenGe will use the proceeds to develop the construction of manufacturing facilities within Shanghai Pilot Free Trade Zone.

As one of the earliest investor in Chinese search giant Baidu, IDG Capital has joined a funding round in Kunlun, Baidu’s artificial intelligence (AI) semiconductor business, at a valuation of $2 billion. This is another financing support for Baidu’s business after iQiyi and DuerOS. Kunlun 1 chip was developed in 2019 and have been deployed in various businesses, including industrial production, traffic control and smart city . Kunlun 2 chip, which has better performance improvement than Kunlun 1, will also be mass-produced in the second half of 2021.

IDG Capital has co-led a $14 million seed financing round in Delonix Bioworks, a Shanghai-based biotechnology company that develops vaccines with synthetic biology approaches. Delonix's synthetic biology and antigen discovery platforms enable rational design and programming of bacteria into more safe and effective vaccines. Current lead programs target anti-microbial resistance (AMR). The financing will be used to accelerate the building of synthetic biology vaccine platforms and advance pipelines of synthetic vaccines to clinical trials.

Italian luxury apparel manufacturer Moncler is poised for growth, thanks to a focus on China and a push for younger customers through the acquisition of Stone Island. Moncler has also invested heavily in technology, and last year brought its e-commerce business in-house, which means it has better control over its customer base and inventory levels. The Milan-based firm employs 4,569 people and has a market value of €13.2 billion. IDG Capital was an early investor in Moncler, which went public in Milan in 2013.

IDG Capital has co-led a $100 million funding round in Biotheus, a Chinese biotech firm focusing on the treatment of malignant tumors and autoimmune diseases. Founded in 2018, Biotheus has developed a product pipeline of over 10 novel monoclonal and multispecific antibodies. With the new financing, Biotheus plans to further increase investment into research activities, targeting five novel drugs into clinical development and to drive multiple programs into late-stage clinical development.

San Francisco-based bike-sharing provider Lime is investing $50 million in its e-bike business, which includes rolling out new and improved hardware and making the service available in 25 more cities this year. Lime says people took more than 3 million rides on its e-bikes in 2020 amid the coronavirus pandemic, and it expects that number will rise significantly this year. The company plans to roll out new and improved hardware, with its latest e-bike set to come out this summer. IDG Capital joined Lime's Series A funding round in 2017.

Online luxury retailer Farfetch achieved revenue growth by 64% to $1.7 billion in 2020 as locked-down fashionistas shopped from home. CEO José Neves said that in 2020 the firm "cemented our leadership as the largest global online destination for luxury fashion" and highlighted that Farfetch reached profitability in the fourth quarter - a "key milestone" for the company. Farfetch also plans to leverage “our incredible achievements to date and our unique platform capabilities to go after the significant growth opportunities we see” both online and offline. IDG Capital led Farfetch's Series F funding round in 2016. The company went public in 2018.

IDG Capital has led a Series C funding round in Lyvgen, a biopharmaceutical firm focused on oncology immunotherapy. Headquartered in Shanghai, Lyvgen develops proprietary medicines and therapies for lung cancer, melanoma and gastrointestinal cancer. The company said that the proceeds of the latest funding will help accelerate the development and Lyvgen expects the innovative drugs can benefit cancer patients soon.

Italian luxury apparel manufacturer Moncler has acquired the remaining 30% of high-end sportswear maker Stone Island for $419 million. The two Italian brands will continue to remain separate, autonomous entities, but the acquisition will see the brands share information on how to best capture the American and Asian markets, as well as amplifying their DTC (direct-to-consumer) channels for the new luxury customer. IDG Capital was an early investor in Moncler, which went public in Milan in 2013.

Norway-based web browser Opera launches Dify, an in-browser cashback payments solution and standalone wallet. Dify will offer customers in-browser services such as e-commerce cashback integration when shopping through Opera’s partner websites. With 380 million global active users, the company aims to target the younger generations of “power shoppers” with its new Dify app. IDG Capital joined Opera's pre-IPO financing round.

IDG Capital has led a $390 million Series A funding round in Fenbi Education, an ed-tech startup that provides vocational education online and offline. Founded in 2015, Fenbi serves users who prepare for the civil service entrance test, teachers’ qualification certificate and postgraduate exam. Fenbi said the capital will be used to hire talent as well as to develop its products and technology. As of January, the company had accumulated 48 million registered users and 7 million paid users since its inception.