IDG Capital joined a $59 million Series D funding round in Medbanks Network Technology, a Beijing-based firm providing a data platform for hospitals, oncologists and cancer centers. Founded in 2014, Medbanks provides products and services for managing all stages of oncology treatment. The firm currently has partnerships with more than ten Chinese national insurance companies. It also provides products and services to pharmacies in 649 Chinese counties. Medbanks said it will use its latest investment to expand a clinical network and improve database systems.

IDG Capital has joined a Series C financing round in Haokang Information Technology, which operates Homeking, a popular Chinese housekeeping online-to-offline service. Established in 2010, the company stocks products and services for home cleaning, cooking, deep cleaning and wardrobe arrangement. With more than 10,000 employees, Haokang also offers housekeeping services in 26 mainland Chinese cites, serving 3.5 million homes. The company, which had annual revenues of $129.6 million last year, recently launched a domestic helper training system in the Philippines and plans to expand into Hong Kong, Macau and the Middle East.

Artificial intelligence (AI) startup SenseTime recently opened a self-driving test park in Joso, Japan following an agreement with automaker Honda in 2017. The company said it will use the new facility for R&D and road tests. The highest-valued AI startup in the world, $4.5 billion-valued SenseTime is best known for its face recognition technology widely applied to different industries in China. IDG Capital started investing in SenseTime in 2014.

IDG Capital joined a Series B2 round in Benewake, a Beijing-based provider of solid-state LiDAR sensors and solutions to guide autonomous vehicles, drones and home robots. The firm currently sells sensor products in multiple markets, including Western Europe, North America, India, Asia, the Middle East, Russia, Australia and South Africa. In 2015, IDG Capital invested in Benewake’s A round, the year the company was formed.

Meituan Dianping, the Hong Kong-listed food delivery giant backed by IDG Capital, announced strategic cooperation agreements this week at the Consumer Electronics Show in Las Vegas with the Valeo in France, Nvidia in the U.S. and Icona in Italy. Meituan said it will work with all three smart-car partners to utilize big data, artificial intelligence and other technologies for driverless food delivery. Meituan now has $6.4 billion in annual revenues and 46,600 employees, including operations in 2,800 Chinese cities. It recently conducted driverless delivery tests in Beijing and Shenzhen.

Following the acquisition of sneaker marketplace Stadium Goods, British luxury fashion retail platform Farfetch continues to expand into the streetwear market through partnerships with Vexed Generation, a British streetwear label, and Byronesque, a U.K.-based vintage fashion e-retailer. Farfetch went public on the New York Stock Exchange (NYSE) in September 2018 and generated $132 million in revenue in Q3 last year. IDG Capital joined Farfetch’s Series F funding round in 2016.

Participating in 69 early-stage deals and leading 43 deals in 2018, IDG Capital was the world’s most active early-stage investor and ranked 8th among global lead investors in 2018. IDG Capital’s successful exits last year through IPOs included smartphone manufacturer Xiaomi, social e-commerce website Pinduoduo, electric vehicle manufacturer NIO and luxury fashion retail platform Farfetch.

OrigiMed, which provides molecular diagnostic medicine for cancer patients, has completed a Series B funding round. The Chinese firm said it will use the latest investment, to expand its medicine data platform. IDG Capital was an angel investor in OrigiMed in 2016.

IDG Capital acquired 30.1% of Acne Studios, a global fashion retailer, making it the company’s largest single institutional investor. Founded in Stockholm in 1996, Acne Studios has grown from a niche supplier of denim wear into a diversified upscale brand with over 50 stores in 13 countries, $221 million in annual revenues in 2018 and $35 million in operating profit. Acne’s latest investment round is expected to enhance the firm’s market presence in Asia and especially China. IDG Capital also previously invested in two other global fashion giants, Farfetch and Moncler.

Coinbase CEO Brian Armstrong is the first high-level cryptocurrency executive to sign the Giving Pledge, agreement among entrepreneurs, led by Warren Buffet and Bill Gates, who have promised to donate a significant portion of their personal net worth to philanthropic causes. Earlier in 2018, Armstrong also launched his non-profit initiative, GieCrypto.org, which converts cryptocurrency into cash and distributes it to people in poverty around the world. Coinbase, founded in San Francisco in 2012, is valued at $8 billion. IDG Capital was an early investor in the firm.

Zoox, a Foster City, Calif.-based driverless car startup, became the first company in California to receive approval to provide transportation services to the general public using autonomous test vehicles. Zoox said it plans to deploy its driverless vehicle commercial service in California by the end of 2020. IDG Capital invested in Zoox in 2016.

IDG Capital joined a $300 million late-stage Series F funding round in Yuanfudao, a Chinese-language homework tutoring platform, raising the unicorn’s valuation to more than $3 billion. Yuanfudao, with more than 200 million users, uses artificial intelligence to scan and solve homework questions. The Beijing-based start-up said it will use the latest financing round to support research and development and improve user experience. IDG Capital previously invested in the company’s Series B and C rounds. Yuanfudao was founded in 2012.

Meituan Dianping, China’s leading food delivery app, has formed a partnership with Luckin Coffee, one of the country’s biggest competitors to Starbucks. The agreement will allow Luckin customers in 21 Chinese cities to order coffee and other food products using Meituan’s popular delivery app. Luckin says its average delivery time in China is now 18 minutes. IDG Capital was an early investor in Meituan, which went public in on the Hong Kong Stock Exchange in 2018, raising $4.2 billion in its IPO.

Jane Sun, the Chairman and CEO of Ctrip, China’s largest online travel agency, predicts continued growth for her Nasdaq-listed company. Ctrip currently has 300 million users and 40,000 employees. Sun also says the Shanghai-based firm is now developing robots to help customers complete their travel reservations. Chinese tourists made 71.3 million trips abroad in the first half of 2018, a 15% increase over the same period last year, and spent $260 billion. The Chinese domestic travel market is even larger. Mainland tourists spent an estimated $720 billion on 5 billion internal trips last year. IDG Capital invested in Ctrip in 2000.

IDG Capital recently joined a Series A funding round in Galaxy Space, a Chinese micro-satellite company. Founded in 2016, The Beijing-based company plans to put hundreds of satellites into low Earth orbit to provide global 5G coverage. Galaxy Space is also backed by Lei Jun, the founder of Xiaomi, the world’s fourth-largest smartphone maker backed by IDG Capital.

Lime, an e-scooter-and-e-bike rental platform, has teamed up with Google Maps to provide customers with location services for its e-scooters in 13 cities around the world, including San Jose, Austin, Auckland, New Zealand and Brisbane, Australia. In addition to helping users navigate streets, the new service will also help Lime customers locate the closest available e-scooter to rent. IDG Capital invested in Lime in 2017.