IDG Capital led a $43 million Series B funding round in Letus Legend, a Chinese supermarket chain specializing in fresh produce. The Hefei, China-based grocer is currently valued at $433 million. Letus Legend will use the latest funding to launch home delivery services, organize pre-sale events and expand throughout China. Founded in 2014, the company currently has 100 locations in Anhui Province, for which Hefei is the capital.

Neutron Holdings, doing business as Lime, has pledged to make its entire fleet of shareable electric bikes and scooters carbon-free. The San Francisco-based firm said it will purchase renewable energy credits. Lime also plans to fund climate-friendly projects to help minimize pollution. In addition to the U.S., Lime now operates in Europe and Mexico. Only 15 months old, Lime currently operates in more than 100 cities and has registered more than 13 million rides to date. IDG Capital joined Lime's Series A funding round in 2017.

Moncler CEO Remo Ruffini is changing that the way the global high-end fashion industry does business by speeding up the pace at which world-famous designers can launch their latest products. The strategy is paying off. Last year, Montcler, based in Milan, generated $299 million in profits on revenues of $1.43 billion. Its valuation now exceeds $5 billion. In 2011, IDG Capital invested in Moncler which first went public in 2013 on the Borsa Italiana in Milan.

Circle International Financial, a Boston-based cryptocurrency marketplace, has acquired New York-based SeedInvest, an equity crowdfunding platform. Pending regulatory approval, the acquisition will expand Circle’s capability to sell digital tokens and trade a variety of coins. To date, Seedfest has already raised $11 million on its own and has also helped startups raise $120 million. IDG Capital led Circle’s Series C and D funding rounds.

Tencent, one of the largest Internet companies in China, invested $317.6 million in Bilibili, a Shanghai-based video-sharing website specializing in animation. Tencent, listed on the Hong Kong Stock Exchange, and Bilibili, listed on Nasdaq, are both IDG Capital-backed. IDG Capital invested in Tencent in 1999, and led Bilibili's series A funding round in 2014.

IDG Capital was the world’s most active early-stage investor during Q3 2018 with 21 investments. Crunchbase also ranked IDG Capital among the world’s top three most active lead investors with 14 deals during the same quarter. Four IDG Capital-backed companies also went public during Q3 – smartphone maker Xiaomi, social e-commerce platform Pinduoduo, electric automotive vehicle firm NIO and luxury fashion e-retailer Farfetch.

Ctrip, China's largest online travel agency, is partnering with Splyt, a London-based ride-hailing platform with a global customer base. Ctrip clients will now be able to book rides in over 50 countries. IDG Capital was an early investor in Shanghai-based Ctrip, which went public on Nasdaq in 2003.

Neutron Holdings, based in San Mateo, California, will provide its Lime scooter services in Waterloo, Canada, the startup company's first scooter-share pilot program in that country. Lime also recently expanded its operations into Paris, Frankfurt and Zurich. The firm, now valued at $467 million, provides scooters and bikes in a total of seven countries. IDG Capital joined Lime's Series A funding round in 2017.

Opera, a web browsing company based in Oslo, Norway, is expanding its blockchain technology applications through a partnership with Ledger Capital, a Washington, D.C.-based cryptocurrency advisory firm. In July, Opera raised $115 million during an initial public offering on Nasdaq. Previously. IDG Capital joined Opera's pre-IPO private placement, and Opera also recently received an investment from Bitmain, an IDG Capital-backed bitcoin mining company.

LAIX Inc., an online English education platform powered by artificial intelligence, raised $71.9 million during its initial public offering public on the New York Stock Exchange. Founded in 2013, Shanghai-based LAIX serves 83.3 million users worldwide, including 7.2 million monthly active users. IDG Capital previously participated in LAIX's Series A funding round.

Baidu "mini-programs” have accumulated 100 million active monthly users since the Chinese search engine introduced these products two months ago. Mini-programs with less than 10 megabytes of storage run on the firms main app's interface and aren't stored in Badu's app store. IDG Capital was an early investor in Baidu, which went public on Nasdaq in 2005 and is now the largest search engine in China.

Castbox, a San Francisco-based podcast platform, has introduced a new blockchain-powered, in-app payment system, which allows listeners to purchase premium subscriptions directly from their favorite podcasters. IDG Capital co-led Castbox's Series A funding round in 2017.

Farfetch, an online fashion and luxury goods retailer, raised $885 million from its New York Stock Exchange initial public offering, surging 53% during the first day of trading. The London-based fashion firm is now valued at $5.8 billion. In 2017, Farfetch posted $386 million in revenue on sales of more than 700 luxury brands sold worldwide. The firm currently works with more than 2,000 leading designers. IDG Capital co-led Farfetch's Series F funding round in 2016.

Ping An Good Doctor, an online healthcare platform, unveiled its latest artificial intelligence-assisted medical consultation system at the 2018 World AI Expo in Shanghai The Shenzhen-based firm said the system will help ease China's widespread doctor shortage. Ping An Good Doctor, which is listed on the Hong Kong Stock Exchange, currently has 228 million users and processes 500,000 online consultations per day. IDG Capital invested the company in 2016.

Wang Zhang, China's Minister of Science and Technology, has asked SenseTime, a Hong Kong artificial intelligence and facial recognition startup, to establish an “open innovation platform for next-generation AI.” Founded in 2014 and valued at $4.5 billion, SenseTime has offices throughout China, as well as Singapore and Japan. SenseTime also works closely with many international institutions, including the Massachusetts Institute of Technology. IDG Capital led SenseTime's initial Series A funding round in 2014.

Food delivery giant Meituan-Dianping, the Chinese equivalent to Groupon and Yelp, had an initial public offering on the Hong Kong Stock Exchange. Shares rose 5% during its debut. The firm is now valued at $55 billion. Founded in 2010, Meituan-Dianping offers a wide range of services, from restaurant reviews to food orders, and it recently acquired Chinese bike-sharing platform MoBike. The Beijing-based firm currently has 50,000 employees, plus a 600,000-person delivery service, making it the world's largest online delivery platform. IDG Capital joined Meituan-Dianping's pre-IPO funding round in 2017.