Terminus, a supplier of Internet of Things (IoT) technology and artificial intelligence (AI)-powered solutions, raised $283 million in a Series C funding round. The Beijing-based start-up helps private enterprises and government agencies in China build energy management, electronic security and fire protection systems. Since its establishment in 2015, Terminus has participated in more than 8,400 projects and grown revenue by 200%. Previously, IDG Capital
lead a $127.7 million Series B round in 2018, before investing in Terminus’s Series A round in 2016 and then joined a Series A+ round the following year.
 

Lime, a San Francisco-based electric scooter and bike-sharing provider, reportedly plans to raise $500 million to grow its global business. The startup is now valued at $2.4 billion. IDG Capital joined Lime's Series A funding round in 2017.
 

Cryptocurrency trading platform Coinbase has joined a $4.3 million seed funding round in Blade, a new cryptocurrency derivatives exchange platform which is expected to launch soon. With a focus on Asia’s cryptocurrency trading markets, the new exchange will tackle perpetual swap contracts, so traders can bet on perpetuals – a derivative product like a futures contract, but with no expiry or settlement dates. Jeff Byun, a Blade co-founder, said he believes perpetuals are “arguably the fastest growing segment of cryptocurrency trading.” IDG Capital was an angel investor in Coinbase in 2013.
 

Farfetch, a Nasdaq-listed online luxury fashion platform based in London, has acquired New Guards Group, based in Milan, for $675 million.  New Guards designs and sells the streetwear brands Off-White, Palm Angels and Heron Preston. Farfetch said the acquisition will expand the number of high-end streetwear-focused brands it can offer online. Previously, IDG Capital co-led Farfetch's Series F funding round in 2016.
 

Ripple, a San Francisco-based blockchain payments startup, is looking to make new investments and acquisitions, with several deals reportedly already underway. The company also said the total sales of its native token XRP payment protocol increased by 48% to $251 million in Q2, driven primarily by an uptick in institutional sales. Ripple still owns around 55% of the total supply of XRP, worth around $13.7 billion. In 2015, IDG Capital led a $28 million Series A funding round for Ripple.
 

OPay, a Nigerian mobile payments firm founded by Opera Ltd., the Norwegian browser company, hopes to meet the demand for mobile payment technology in Nigeria. The mobile money penetration rate among Nigerians is now only 3.3%. OPay said it will also soon launch a lifestyle-focused app for food delivery, utility bill payment and access to cash and bike hailing services. With more than 40,000 OPay agents now operating there, OPay believes it can quickly grow the app among local communities. In July, IDG Capital, which was also previously a pre-IPO investor in OPay’s parent company Opera, led a $50 million investment round in the firm.
 

Ping An Good Doctor, China's largest healthcare and online medical platform, formed partnerships this week with more than 20 firms, including China Mobile and China Everbright Bank. The arrangement targets higher fee-paying customers whose needs, Ping An says, are not currently met by China’s state-run medical system. The Shanghai-based firm said its health service platform could break even by 2021. Ping An Good Doctor currently had 2.2 million paying users and 62.7 million active users, as of June 30. IDG Capital was an early investor in Ping An God Doctor, which raised $1.1 billion on the Hong Kong Exchange in 2018.

Lime, a San Francisco-based electric scooter and bike-sharing provider, obtained a permit to operate in Montreal and expects to make its debut there in the near future. Lime is the first e-scooter sharing service authorized by the city to provide equipment for Montreal’s streets. Lime, which currently operates in more than 150 cities worldwide, is valued at $2.4 billion. IDG Capital joined Lime's Series A funding round in 2017.
 

CNBC compiled a ranking of the top 5 rising shopping app for teenagers. They include two IDG Capital-backed start-ups: Wish, a San Francisco-based online marketplace for inexpensive home goods, electronic accessories and apparel; and Shein, an e-commerce women’s fashion platform based in China but with supporting websites and tens of millions of customers in the U.S., Spain, France, Russia, Germany, Italy, Australia and the Middle East. IDG Capital joined Shein’s Series B round in 2016 and led Wish’s Series E and Series F rounds in 2017. In 2011, IDG Capital also began investing in App Annie, the San Francisco-based research firm worked with CNBC to create the mobile app download ranking.

Razer, a San Francisco- and Singapore-based manufacturer of gaming peripherals, has formed an partnership with NIO, a Shanghai-based manufacturer of electric autonomous vehicles. NIO’s new ES6 Night Explorer SUV will feature colors and technologies incorporated in several Razer gaming products. The new car model was also named the official vehicle for Razer’s eSports team. Previously, IDG Capital-Accel China invested $50 million in Razer, which went public on the Hong Kong Stock Exchange in 2017. Later, IDG Capital also joined NIO’s Series B+ funding round. NIO went public on the New York Stock Exchange in 2018, raising $1 billion in its initial public offering.

Lyst, an e-commerce platform, released its 2019 list of the “20 hottest top fashion brands in the world.” Moncler, an Italian luxury outerwear maker in which IDG Capital was an early investor, ranked 17th. Moncler, which saw Q1 2019 sales increase by 14% year-over-year, went public on the Milan Stock Exchange in 2013.
 

Artsy, a New York City-based online art marketplace backed by IDG Capital, named Mike Steib as its new CEO, replacing the founder Carter Cleveland. Steib previously worked as CEO of XO Group, the parent company of The Knot, the world’s largest bridal website. Artsy currently has 1.5 million free users. The firm is also developing an online marketplace to access art works directly from the more than 3,000 galleries listed on its site. IDG Capital joined Artsy’s $16 million Series B funding round in 2014.
 

The Delaware Public Employees’ Retirement System committed $35 million to the IDG Breyer Capital Fund, a venture capital fund jointly managed by IDG Capital and Breyer Capital. The state pension fund said it currently allocates 24.4% of its holdings to alternative investments – typically defined as private equity and venture capital, hedge funds, real estate and commodities. Previously in 2017, Delaware’s $10.4 billion fund, which has offices in the city of Dover, committed up to $30 million to IDG China Venture Capital Fund V, another initiative led by IDG Capital. Members of the Delaware fund now include, among others, public school teachers, policemen, county and municipal employees and volunteer firemen.

Surge Employment Solutions, a startup operating out of the BUild Lab IDG Capital Student Innovation Center at Boston University, is building a business in Massachusetts to help formerly incarcerated individuals find both well-paid and high-skilled jobs. Other Surge partners include the Boston Mayor’s Office of Returning Citizens, the Massachusetts Parole Board, the Dorchester Bay Economic Development Corp. and Strive Boston. Launched in 2017, the IDG Capital Student Innovation Center at BU encourages students from multiple  disciplines to learn, innovate and solve problems. Both IDG Capital and IDG Capital’s Global Co-Chairman Hugo Shong, a Boston University alumnus and Trustee, are providing ten-year funding for the lab.

Meituan Dianping, China’s largest online food delivery system, surpassed 30 million orders last weekend – including watermelon, ice cream and beer – due in part to a recent heatwave. In 2018, the online platform, which boasts an installed base of 406 million customers, processed $66.3 billion worth of orders. In Q1 2019, the company reported a 38.6% year-on-year growth in gross transactions and the gross profit, after food deliveries surged 1.9 times over the same period last year. IDG Capital was an early investor in Meituan, which went public in on the Hong Kong Stock Exchange in 2018, raising $4.2 billion.

NIO, a Shanghai-based manufacturer of electric autonomous vehicles, ranked No. 1 in J.D. Power’s inaugural China New Energy Vehicle Experience Index Study. The index measures new-vehicle quality by monitoring problems reported by EV owners in the first two-to-six-months of ownership. According to JD Power survey, NIO scored higher than BMW, Chery Automobile, GAC Motor and BYD. NIO went public on the New York Stock Exchange in 2018, raising $1 billion in its initial public offering. Previously, IDG Capital joined the firm's Series B+ funding round.