IDG Capital joined a $44 million Series B financing round for Creative Biosciences, a Chinese producer of cancer screening and diagnostic kits. The Guangzhou-based company also recently released an early diagnosis kit for colon cancer which the National Medical Products Administration of China approved and licensed in 2018. Creative Biosciences said it is also developing early diagnosis products for lung cancer and bladder cancer tumors. Founded in 2015, Creative Biosciences nod has testing institutes in Guangzhou and Tianjin.

EdiGene, a Japanese biotechnology firm that develops genome-editing technologies for therapeutics to treat genetic diseases and cancer, has raised $14.4 million during its Series B round. EdiGene currently has operations in Guangzhou, China and Cambridge, Massachusetts. IDG Capital led EdiGene's Series A funding round in 2018 and also joined another $10 million financing round in 2019.

Former U.S. first lady Michelle Obama wore a custom outfit by Acne Studios, the Swedish fashion brand, as she took the stage in Stockholm on an international book tour to promote her memoir. Founded in Stockholm in 1996, Acne Studios started as a niche supplier of denim wear but has since grown into a diversified upscale brand with more than 50 stores in 13 countries, $221 million in annual 2018 revenues and $35 million in operating profit. IDG Capital acquired 30.1% of Acne Studios in 2018.

Coinbase, a San Francisco-based cryptocurrency trading platform, and the global payments processor Visa have issued a debit card to make it easier for their customers to make purchases using cryptocurrency stored in their online wallets. The debit card is currently only available in the U.K., but Coinbase said it plans to roll it out in other European countries in the coming months. IDG Capital was an angel investor in Coinbase in 2013. Like other crypto companies, Coinbase has seen frequent fluctuations in valuation but in October 2018, it was valued at $8 billion.

Opera Ltd. is the first mainstream browser company to offer a desktop cryptocurrency wallet supporting Ethereum. In a recent marketing campaign, the Norway-based company also pointed out that new European Union regulations require competitor Google to give European Android users more options in choosing a preferred browser. Nasdaq-listed Opera reported $128.9 million in revenue in 2019. IDG Capital previously joined the company’s pre-IPO private placement in 2018. Bitmain, an IDG Capital-backed bitcoin mining firm, is also an investor.

Bilibili, China's leading online video platform, raised $872.6 million in convertible bonds and American dollar depository shares (ADSs) as it expands into the global capital equity market. Bilibili first went public on NASDAQ in 2018 and is now valued at more than $3 billion. Since its initial public offering, Bilibili’s stock price has surged more than 70%. IDG Capital led Bilibili's Series A funding round in 2017 and also joined its A+ and B rounds.

Razer, a Hong Kong-listed gaming hardware manufacturer, has launched a new video capture card designed to make it easier for users to livestream games in high-definition. The new Razer product earned a positive review for its “professional grade results.” IDG Capital-Accel China invested $50 million in Razer in 2011. Razer is now listed on the Hong Kong Stock Exchange and reported $517.9 million in revenue in 2017.

Data from the California Department of Motor Vehicles and the Beijing Municipal Bureau of Economics and Information Technology Autonomous suggests that Pony.ai, based in Silicon Valley, Beijing and Guangzhou, is the best placed firm to offer electronic vehicle (EV) solutions in more than one country. The analysis, compiled by Forbes, employs a wide range of government data, including the number of EV miles driven in California. IDG Capital joined Pony.ai's Series A funding round in 2018.

IDG Capital co-led a Series C fundraising round in Liquid Group Inc., a Tokyo-based crypto-currency trading platform. Liquid says that it is now valued at more than $1 billion – making it one Japan’s rare unicorns. Since its launch in 2014, Liquid, previously known as Quoine, has processed more than $50 billion in cumulative crypto trading, due in part to a highly coveted crypto-exchange license issued by the Japanese government. Liquid said it will use the proceeds from its latest Series C round for global expansion

Infront Sports & Media, an international sports marketing agency based in Switzerland, acquired Threshold Sports, a London-based organizer of sports challenge events, including Ride Across Britain, Race to the Stones, London Revolution, Race to the King and Race to the Tower. Infront said the acquisition will bolster its market presence in the United Kingdom. China's Dalian Wanda Group acquired Infront in 2015, the same year IDG Capital also invested in the firm.

NIO, a Shanghai-and San Jose-based electric vehicle manufacturer, and Meituan-Dianping, the Hong Kong-listed food delivery giant, have joined CNBC’s 2019 list of the top companies to work for in China. CNBC said it based its ranking on feedback from 40 million LinkedIn users. In 2017, IDG Capital invested in Meituan, which one year later raised $4.2 billion on the Hong Kong Stock Exchange. IDG Capital also backed NIO which raised $6.4 billion last year on the New York Stock Exchange.

Forbes has included two IDG Capital Partners, Xiaojun Li and Young Guo, on its 2019 Midas List of the “Best Dealmakers in High-Tech Venture Capital. Investments by Li’s team at IDG Capital morphed into seven portfolio IPOs last year, including Pinduoduo, one of China’s leading social e-commerce apps now valued at roughly $30 billion; Bilibili, a Chinese online streaming service now valued at $3 billion; and Liulishuo, an English language-learning app which raised $72 million on the New York Stock Exchange in 2018. Also at IDG Capital, Guo and his team oversaw the firm’s investment in Farfetch, the British online luxury fashion retailer, now listed on the New York Stock Exchange, which generated $1.4 billion in gross merchandise value in 2018.

Forbes has named Neo Nie, the founder of Chinese tea chain Heytea, to its list of the top 30 executives in Asia under the age 30. Heytea sells more than 2,000 cups of tea a day in each of its 170 stores across China. Revenues last year exceeded $150 million, and the firm’s signature product is cheese-flavored tea. Forbes said Nie now spends most of his time developing new products and plans for Heytea to expand globally. IDG Capital led HeyTea's Series A funding round in 2017.

Alibaba has acquired Teambition, an online platform for co-workers to plan and cooperate on a wide range of projects. IDG Capital was among Teambition's early backers, along with Microsoft and Tencent. In making the announcement, Alibaba has not yet disclosed the size of the acquisition. Based in Shanghai, Teambition customers currently include Huawei, Xiaomi, TCL and McDonald's. The firm was founded in 2011 and also maintains offices in several other major Chinese cities.

Nasdaq-listed iQiyi, China's equivalent to Netflix, has announced a proposed offering of six-year convertible bonds, valued at $1.05 billion, which will mature in 2025 with a maximum interest rate of 2% per year. Part of the bond sale proceeds will be used to enhance iQiyi's content offerings, strengthen technology and expand working capital. IDG Capital joined iQiyi's financing round in 2017. The company went public in 2018 with a valuation of $13.5 billion.

KuCoin, a Singapore-based cryptocurrency exchange backed by IDG Capital, is partnering with Simplex, an Israel-based payment processing company, to enable the purchase of cryptocurrency using credit cards. KuCoin customers can now use credit cards to purchase Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash ABC (BCHABC) and Litecoin (LTC) for both dollars and euros in more than 100 countries. IDG Capital co- led KuCoin's $20 million Series A round in November 2018.