Chinese online education platform Yuanfudao is now valued at $3 billion. The Beijing-based company currently has 200 million users, including 2 million paid subscribers. Among Yuanfudao’s products is a free app powered by artificial intelligence (AI), which allows parents to check their children’s arithmetic homework by snapping a photograph and then comparing the data to information in the database. Yuanfudao now checks or corrects up to 70 million math problems per day. IDG Capital, which first invested in the firm in 2012, recently joined Yuanfudao’s Series F round.

Fourier Intelligence, a Shanghai-based startup, is working to develop an affordable exoskeleton for potential use in China by more than 85 million disabled citizens. Exoskeleton are now sometimes priced as high as $500,000, but Fourier hopes to develop a model for sale for as low as $20,000, according to Ken Zoh, deputy CEO. IDG Capital joined Fourier’s Series A funding round in 2018.

Chinese bitcoin giant Bitmain Technologies is now marketing a 7-nanometer bitcoin mining processor. The chip promises new levels of energy efficiency, the company said. Founded in Beijing in 2013, Bitmain is both a bitcoin miner and supplier of chips and computer hardware used in bitcoin mining, The firm is currently valued at more than $8 billion. IDG Capital invested in Bitmain in 2017.

Circle, a Boston-based leading crypto finance company, is expanding its market surveillance and protection strategy in partnership with NICE Actimize, an autonomous financial crime management firm owned by Nasdaq-listed NICE Ltd. in Israel. The arrangement is designed to protect Circle customers and investors. IDG Capital was the lead investor in Circle’s $50 million Series C in 2015 and $60 million Series D funding rounds in 2016.

The MSCI China Index recently added four Internet companies, backed by IDG Capital: Meituan Dianping, China's leading food delivery app, valued at $55 billion; Pinduoduo, a group-buying e-commerce platform, valued at $24 billion; Bilibili, a Shanghai-based video-sharing website, valued at $3.2 billion; and iQiyi, a leading Chinese video streaming platform, valued at $13.5 billion. The MSCI China Index represents large and mid-cap stocks which account for 85% of its total equities. The unit is part of MSCI Inc., formerly Morgan Stanley Capital International.

Lime, a leading electric scooter and bike-sharing provider, has applied for an e-scooter license in San Francisco, its home base. Government officials, which has placed limits on the number of e-scooter companies in the city and previously rejected Lime’s application, might reconsider Lime in April. IDG Capital has backed Lime, a unit of Neutron Holdings, since 2017. The firm is now valued at more than $1 billion.

Norway-based web browser Opera announced it will offer customers a virtual private network (VPN) service as part of its Android browser app. The new feature, once marketed independently by Opera, will enable users to choose virtual locations to link to the web. Opera first went public on Nasdaq in 2018, raising $115 million. IDG Capital joined the company’s pre-IPO financing round.

IDG Capital joined a $10 million financing round in EdiGene, a Beijing-based company that uses genome-editing technologies to treat genetic diseases and cancer. EdiGene, which also has operations in Guangzhou, China and Cambridge, Massachusetts, is now developing gene-editing therapies for a wide range of diseases. Previously, IDG Capital led EdiGene’s Series A funding round.

Lime, a San Francisco-based electric scooter and bike startup, closed a $310 million Series D funding round. The company is now valued at $2.4 billion. According to CEO Toby Sun, Lime will use the latest financing round to expand into new markets, upgrade its technology and explore new business opportunities. IDG Capital has backed Lime since 2017.

Forbes China named Jeacy Yan, an IDG Capital Partner, to its 2019 list of the top 25 women venture capitalists in China. Yan focuses on consumer goods and services, retail and e-commerce and works closely with a variety of portfolio companies, including online luxury retailer Secoo, Japanese designer brand Evisu and Korean sunglasses brand Gentle Monster. Prior to joining IDG Capital, Yan worked for Deutsche Bank, Hong Kong Branch and WestLB, New York Branch. She holds advanced degrees from Northwestern University and Peking University.

Hugo Shong, IDG Capital’s founding chairman, joined a panel of financial experts at the World Economic Forum in Davos, Switzerland to discuss China’s slowing economic growth. China once routinely experienced 8% annual GDP growth, Shong said, but “now we have 6.6 (%). Given the size of the economy, it is a pretty good number.” Joining Shong on the panel was Christine Lagarde, Managing Director of the International Monetary Fund (IMF). The same day Shong joined his panel, CNBC also interviewed IDG Capital Co-Chairman Jim Breyer. “I am really hopeful,” Breyer said, that U.S. and Chinese companies will “build, often together, in different parts of the world. India will be the next showdown.”

Club Factory, a Hangzhou-based cross-border fashion e-retailer backed by IDG Capital, is now India’s second largest fashion e-commerce platform. After three years in India, the Club Factory app controls 31% of the country’s fashion e-commerce app market. The app now processes 25,000 orders every day for up to 40 million Indian users. India’s top 10 fashion e-commerce sites, measured in reach and market share, now also include Shein, another IDG Capital-backed fashion e-retailer.

Castbox, based in San Francisco, is now the world’s No. 1 podcast-dedicated audio streaming app, according to mobile app research firm Sense Tower. The firm now transcribes all its podcasts to help listeners search the Castbox library using specific terms and topics that interest them. Since 2016, IDG Capital has joined several funding rounds in Castbox, which is now regarded as a competitor to audio streaming giants Spotify and Pandora in podcast.

Coinbase, a San Francisco-based cryptocurrency exchange, has acquired Blockspring, which collects and analyze data for Application Programming Interfaces (APIs). Coinbase, currently valued at $8 billion, claims 20 million users worldwide and $150 billion in cryptocurrency trades. IDG Capital was an angel investor in Coinbase.

IDG Capital joined a $100 million Series C round for Kang Sheng Health Management, China’s leading diabetes management platform. The Hangzhou-based firm, founded in 2014, generated $145.5 million in revenues last year. With more than 10 million registered users, Kang Sheng Health currently serves about 1,000 Chinese hospitals and plans to expand to a total of more than 5,000 hospitals in 2019.

Zoox, a Foster City, Calif.-based autonomous vehicle startup, named veteran Intel executive Aicha Evans as its new CEO. Evans, who spent 12 years at Intel in a variety of leadership roles, is one of the highest-profile black women to take a leadership position in Silicon Valley. Zoox also recently received a permit to test driverless vehicles in California. The company, currently valued at $3.2 billion, has 700 employees and completed a $500 million financing round in August. IDG Capital invested in Zoox in 2016.