Chengjia, an apartment service platform in which IDG Capital was an early investor, raised $300 million in a Series A funding round. Founded in Shanghai in 2015, Chengjia offers hotel-style, short-term apartment rentals of apartments, hotel stays and related hospitality services. The platform currently manages roughly 100 housing properties in China and approximately 20,000 apartment units. Previously, IDG Capital joined Chengjia’s $50 million Pre-A investment round in 2017. 

Coinbase, a San Francisco-based cryptocurrency trading platform, has announced the possible addition of 17 new cryptocurrencies to its current lineup. Reuters estimates the global crypto exchange generated $520 million in revenues in 2018. IDG Capital was an angel investor in Coinbase, which was founded in 2011.

Binance, a global cryptocurrency exchange based in Malta, invested $200 million in Mars Finance, a news and crypto-data website backed by IDG Capital. Founded in Beijing in 2018, Mars Finance provides hosting services for both the Chinese and the global blockchain and cryptocurrency communities, including news, market research reports and data. In 2018, IDG Capital invested in Mars Finance’s Series A funding round. 

IDG Capital joined a $100 million Series C investment round in Smart Fabric, a Chinese startup providing internet-enabled solutions for the textile industry. Founded in 2014, Smart Fabric has developed a cloud-based enterprise resource planning (ERP) system to connect luxury brands and major fashion retailers with spinning mill operators and printing, dyeing, and weaving factories. Smart Fabric clients include H&M, Walmart, Amazon, Hugo Boss, Armani and Calvin Klein. Previously, IDG Capital also joined Smart Fabric’s Series B round.

IDG Capital joined the latest investment round in Galaxy Space, a private company which mass-produces low-cost satellites for commercial use. The firm is currently valued at $710 million, making one of the most valuable startups in the Chinese private aerospace industry. GalaxySpace, which did not disclose the size its most recent funding round, said it plans to develop and launch a Low Earth Orb communications constellation. In 2018, the company also launched an experimental payload satellite to test on-board, high-performance computing, space imaging and communications for a mini-space station built by Chinese tech giant Alibaba. This is the second GalaxySpace fundraising round in which IDG Capital has participated.

IDG Capital joined a $11 million Series pre-B2 round in EdiGene, a Beijing-based startup which develops genome-editing technologies for the treatment of genetic diseases and cancer. The company is also collaborating now with an unnamed clinical-stage biopharmaceutical company to develop novel T-cell therapies for cancer treatment. Previously, IDG Capital led EdiGene's Series A funding round and also joined an earlier $10 million financing round in the firm.

Bitmain, which designs and manufactures high-performing computer chips and software for the bitcoin industry, recently launched two new miners incorporating application-specific integrated circuits. The company said its new ASIC miners perform faster, more efficiently and more securely than previous models. Bitmain was founded in Beijing in 2013. IDG Capital invested in the firm in 2017.

Ground X, which operates the Klaytn blockchain network, will offer its “klay” tokens on an Upbit cryptocurrency platforms in Singapore and Indonesia. Upbit is a major South Korean cryptocurrency exchange. Ground X said it was also forecasting distribution of 10 billion tokens by the end of 2021. IDG Capital invested in Ground X in 2018. The firm, which has operations in both Japan and South Korea, was founded by Kakao, South Korea’s largest mobile platform.

In an interview, Jeremy Allaire, the CEO of Circle, a Boston-based crypto trading firm, predicted that China’s cryptocurrency plan for the Bank of China would lead to more global convertibility of cryptocurrencies, including coordination with RMB. As more companies develop digital currency services, Allaire also said, the financial sector will begin to compete with the technology. Previously, IDG Capital was the lead investor in Circle’s $50 million Series C and $60 million Series D funding rounds.

The Asia Society named Ctrip CEO Jane Jie Sun to its list of 2019 Asia Game Changers. The annual award program, now in its sixth year, honors individuals who had demonstrated a “transformative impact” on society in Asia and beyond. Ctrip, China's largest travel platform, currently employs more than 45,000 worldwide, of which more than 50 percent are women. IDG Capital was an early investor in Ctrip, which went public on Nasdaq in 2003.

Razer, a $438 million global gaming hardware maker, is marketing a new phone case designed to help stop smartphones from overheating during gaming and other resource-intensive activities. The case features proprietary technology which can dissipate heat. IDG Capital-Accel China invested $50 million in Razer in 2011. Razer, based in Singapore, went public on the Hong Kong Stock Exchange in 2017.

Xiaomi, the world's fourth-largest smartphone manufacturer, is now operating in more than 80 markets outside of China. Founded in Beijing in 2010, Xiaomi has opened more than 1,000 retail outlets overseas – ranging from Mexico City and Dubai to London and Paris. Today, over 40% of Xiaomi’s total revenues are derived from global markets. IDG Capital was an early investor in Xiaomi, which first went public in 2018 with a $52.7 billion valuation.

그라운드X가 삼성전자와 협력해 카카오 블록 체인 플랫폼 ‘클레이튼’에 특화된 갤럭시노트10을 출시했다. 클레이튼 기반 블록체인 애플리케이션(비앱)을 경험해 볼 수 있게 기획된 제품으로, 그라운드X는 클레이튼폰 구매자에게 비앱 이용에 사용할 수 있는 클레이 토큰 2천 개를 지급할 예정이다. 그라운드 X는 1차 라운드에서 IDG CAPITAL를 포함하여 20여 곳에서 1000억원 규모의 투자를 받은 바 있다.

글로벌 패션 아이웨어 브랜드 젠틀몬스터와 글로벌 스마트 기기 브랜드 화웨이의 협업 'GENTLE MONSTER-HUAWEI EYEWEAR' 컬렉션이 6일 정식 론칭을 알렸다. 젠틀몬스터의 트렌디하고 패션적인 디자인과 화웨이의 스마트한 기술력이 만나 출시된 이번 협업 제품은 젠틀몬스터 중국 상해&북경 플래그십 스토어에서 열린 협업 컬렉션 사전 오프닝 행사를 통해 ‘이전에는 없던 패셔너블한 스마트 아이웨어 시장을 새롭게 개척했다'는 평을 얻었다. 아이웨어 브랜드 ‘젠틀몬스터’를 보유한 아이아이컴바인드는 IDG CAPITAL에게 투자 받은 바 있다.

IDG Capital led a Series A round of financing in Jumeng, a Chinese online crowdsourcing logistics service provider. Jumeng did not disclose how much money it had raised in the Series A, but said the proceeds will help upgrade IT systems and explore cooperation with more logistics parks. The startup will also integrate the company’s resources for the construction of a nationwide logistics network. Founded in 2017, Jumeng now provides large-scale, less-than-load transportation service for relatively small freight deliveries weighing more than 50 kilograms. The company currently operates a sharing transportation system with logistics parks linked to 2,100 inter-provincial trunk lines and 2,200 stores in China. Jumeng said it also plans to expand into 100 cities and 200 logistics parks by 2020. Zhang Yujing, Chairman and President of Jumeng, reported that the firm booked over $111.85 million in monthly gross merchandise volume in August, up 40% from February 2019.

카카오의 암호화폐 ‘클레이’가 오는 9월말 암호화폐 거래소 업비트 인도네시아와 업비트 싱가포르에 처음으로 상장된다. 해외 거래소에 첫 상장하는 이유에 대해 카카오 측은 ‘클레이튼’이 아시아 대표 플랫폼을 지향하기 때문에 해외 거래소를 먼저 선택했다고 설명했다. 클레이’는 카카오의 블록체인 플랫폼 ‘클레이튼’에서 활용되는 암호화폐로써, ‘클레이튼’을 개발한 카카오의 블록체인 계열사 ‘그라운드X (Ground X)’은 IDG CAPITAL 등의 벤처캐피털에서 투자 받은 바 있다.