IDG Capital, a global venture capital and private equity firm, is now one of the top five investors in global startups with valuations of more than $1 billion, according to Hurun, a Shanghai-based market research firm. IDG Capital has invested in 42 unicorns worldwide to date, including five outside of China: Circle, based in Boston; Liquid Global, based in Tokyo; Pony.ai, based in Freemont, Calif.; Ripple, based in San Francisco; and Zoox, based in Foster City, Calif. Founded in Boston, IDG Capital has invested in more than 800 companies since 1992.

Club Factory, a Chinese cross-border e-commerce platform for fashion, beauty items and electronics accessories, now has more than 70 million users worldwide, of whom 40 million are from India. Club Factory also plans to add 10,000 sellers to its platform before the end of 2019 and increase its number of inventory categories. In 2018, IDG Capital led a $100 million Series C funding round in Club Factory and also joined the firm's Series A round in 2016.

Firework, a Redwood City, Calif.-based video-sharing start-up raised $30 million this year in a funding round led by IDG Capital and is seeking another $20 million to expand its operations India. “We plan to cross a million users in India within the first three months and look to the next milestone of 5 million within six months,” predicted Sunil Nair, Firework CEO and Managing Director. IDG Capital was also an early investor in Loop Now Technologies, Firework's parent firm, also based in Redwood City. Firework primarily competes with TikTok and YouTube.

News Break, an AI-powered news aggregation app created in 2015 by Mountain View, Calif.-based Particle Media, was the most downloaded Android news app in the U.S. in Q1-Q3 and the second most popular news apps in Apple’s App Store. News Break was more popular too than rival apps from CNN and Reddit, partly by using search records and recommendation technologies to personalize reader content. Previously, IDG Capital led News Break’s Series A round in 2016 and also joined its Series B round in 2017.

Klaytn, a blockchain network associated with Kakao, South Korea’s leading messaging app, has partnered with OKEx, a global digital asset exchange based in Malta. Klaytn, which is headquartered in Seoul, said the partnership will contribute to the development of a stable blockchain ecosystem and also connect its platform to other networks in the blockchain space. In 2018, IDG Capital invested in Klaytn.

Kujiale, a China-based SaaS-enabled home decoration and design platform, raised $100 million in its most recent Series D round, propelling it to unicorn status. The firm now has an estimated valuation in excess of $1 billion. Kujiale’s platform allows users to generate interior design plans for home improvement, including a 360-degree real-time viewing experience incorporating Virtual Reality. Previously, IDG Capital led Kujiale’s $2 million Series A round in 2013 and also participated in three other venture rounds in 2014, 2016 and 2018.

Pony.ai, an autonomous driving startup headquartered in Freemont, Calif., is launching a robotaxi service with Hyundai and Via. Utilizing a smartphone app called BotRide, users can now order rides to arrange pick-ups and drop-offs. The driverless service will also include a human safety driver behind the wheel at all times. IDG Capital was a seed investor in Pony.ai and also joined the firm’s $112 million Series A funding round in 2018.

Coinbase, an IDG Capital-backed cryptocurrency exchange, estimates that it earned more than $2 billion in transaction fee revenues since the company’s launch in 2012. Coinbase also said its operating profits now exceed the total venture capital which the firm has raised to date – or roughly $550 million from nine funding rounds. In 2013, IDG Capital was an angel investor in Coinbase. The  San Francisco-based crypto platform is currently valued at $8 billion.

Chinese cross-border fashion e-retailer Club Factory was the most downloaded shopping app in Google Play Store in September, with nearly 13.8 million installs worldwide. India witnessed the largest number of Club Factory installations, according to data compiled by Sensor Tower, a mobile app intelligence firm. In 2018, IDG Capital led a $100 million Series C funding round in Club Factory, which is based in Hangzhou. It also joined the firm's Series A round in 2016.

Nasdaq-listed travel platform Ctrip has made championing female leaders a top priority since the CEO Jane Sun joined the firm in 2005. To attract and retain female talent, Ctrip developed a series of policies to support maternity and professional education, including fully paid egg-freezing medical services. The Shanghai-based company is now valued at $20 billion. IDG Capital was an early investor in Ctrip, which first went public on Nasdaq in 2003.

Kr Space, an IDG Capital-backed co-working space operator in China, is refocusing its marketing strategy to cater to larger corporate customers like $12 billion local advertising giant Focus Media. According to Reuters, the firm is now on track to turn cash-flow positive by year-end, forcing several local rivals to adopt similar strategies. Since 2016, IDG Capital has participated in multiple Kr Space venture rounds, including a $145M funding round which it led earlier this year.

Forbes China named IDG Capital Partner Jeacy Yan to its 2019 list of the Top 50 Women in Technology in Mainland China. The Forbes list singles out women who are leaders in science, technology, engineering and math – including venture capital – and whose work contributes to domestic economic growth. At IDG Capital, Ms. Yan focuses on investments in consumer goods and services, retail and e-commerce. Prior to joining IDG Capital, she worked for the investment banking department of the Deutch Bank, Hong Kong branch.

Nasdaq-listed iQiyi, China's dominant online video platform, announced plans to budget $2.8 billion for content development in 2020. iQiyi’s founder and CEO Tim Gong Yu said that half of the firm’s new Chinese-language dramatic and variety content is now produced in-house. iQiyi, a Nasdaq-list firm based in Beijing, reported $3.6 billion in revenue for 2018, a 52% increase over the previous year. In 2017, IDG Capital joined iQiyi's $1.53 billion financing round.

Bitmain, the world’s largest maker of bitcoin-mining computers, is building a new bitcoin mine at a former Alcoa Aluminum plant in Rockdale, Texas. The Beijing-based firm said the facility now has an initial power size of 25 megawatts but could soon expand to 50 megawatts and then potentially 300 megawatts. In time, CoinDesk estimates the Texas plant could generate up to $73 million in revenue per year at current bitcoin prices, making it the world’s largest bitcoin mine. IDG Capital invested in Bitmain in 2017.

IDG Capital joined a $141 million Series B round for Hainan Golden Technology, a Chinese electronic invoicing (e-invoicing) startup. A subsidiary of China-based multinational conglomerate Tencent Holdings, Hainan Golden provides e-invoicing solutions to local businesses ranging from catering, hospitality, retail to property management. Founded in 2017, the company’s leads customers include FedEx, Didi Chuxing, China Unicom, China Telecom and China Mobile. Hainan Golden said it will use the latest funding round to grow its capabilities in blockchain, cloud computing and big data. The company is also developing a platform for toll transactions to increase its share of the growing domestic smart transportation market. IDG Capital also participated in Hainan Golden’s Series A round in 2018. As the firm’s name suggests, the company is based in Hainan, China’s Southern island province.

Waterdrop, a Beijing-based healthcare crowdfunding startup, continues to expand its profile in China. The firm provides a medical safety net to complement China’s government-funded social insurance. The startup pools donations and contributions from members, a portion of which are paid out to members who fall ill. The firm reports it has paid $127 million to date to 6,500 of the 80 million Waterdrop Mutual app holders, with the company retaining an 8% fee on all contributions. The three-year-old startup also markets conventional, private insurance products through partnership with more than 60 insurance firms. Its founder Shen Peng joined Forbes’ 30 under 30 Asia list in 2017. Earlier this year, IDG Capital joined a $74 million Series B funding round in Waterdrop.