HiFiBio Therapeutics, a Paris-based multinational biotherapeutics company, has raised $67 million in a Series C funding round led by IDG Capital. Founded in 2013, HiFiBio seeks to combat diseases like cancer by mobilizing the human immune system. The company operates a drug discovery platform, which develops therapeutic antibodies and immune system modulators, using single-B-cell screening, phenotyping and analysis. HiFiBio said it will use the new funds to further advance its single-cell platform and develop its pipeline for antibody drugs. The firm also operates labs in Cambridge, Massachusetts, and Shanghai.
 

Meituan Dianping, an IDG Capital backed on-demand service provider for food delivery and many other in China, will re-enter the power bank sharing business for cellphone users, as the Hong Kong-listed company expands its market base. The Beijing-based company said it will roll out power bank sharing stations in shopping malls and other locations across China. Once again, Meituan will use its distinctive yellow color scheme to brand its new product offering. IDG Capital was an early investor in Meituan, which first went public in on the Hong Kong Stock Exchange in 201, raising $4.2 billion from its IPO.
 

Shein is now one of the leaders in China’s growing global fashion market. A Nanjing-based online fashion retailer, Shein now has 50 million customers worldwide in 224 countries ,but primarily in the U.S., Europe, Australian and the Middle East. Using targeted ads on social media platforms, Shein also has about 7 million followers on Instagram. Revenue surpassed $1.5 billion in 2018. To put that in perspective, that’ about half the revenue of American clothing chain Urban Outfitters. In 2016, IDG Capital joined Shein's Series B round.
 

Liquid.com, a Tokyo-based crypto-currency trading platform valued at over $1 billion, has partnered with BitUniverse, a Hong Kong-based digital assets portfolio tracker and trading terminal. Through the partnership, BitUniverse users will be able to track their Bitcoin portfolio, execute trades and set up trading bots across Liquid and other exchanges. BitUniverse will be able to track and update transaction history and cost-basis data to make performance tracking easier. IDG Capital co-led a Series C fundraising round in Liquid this April.
 

Huohua, a Beijing-based online education platform specialized in math and science teaching, has closed a Series D equity financing round valued at $85 million. Investors included IDG Capital. Industry insiders said the financing round is the largest to date in the math education-focused sector and the company is now on track to become China’s  next unicorn. To develop children’s mathematic and scientific reasoning capabilities, Huohua target students aged between 3 and 12, offering live-streamed courses. The platform currently has nearly 60,000 enrolled, and more than 1,800 teachers. Previously, IDG Capital participated in multiple rounds for Huohua’s affiliate Wanduoduo, a toy rental app that allows users to rent toys for children.
 

Pony.ai, an autonomous driving startup based in China and Silicon Valley, is building a partnership with Japan’s global carmaker Toyota Motor Corp. to accelerate the development and deployment of self-driving vehicles. The two companies will launch a pilot project in Beijing and Shanghai, using Lexus RX vehicles and Pony.ai’s autonomous driving system. IDG Capital was a seed investor in Pony.ai and also joined a $112 million Series A funding round in 2018.
 

IDG Capital has joined a $42 million Series C funding round in Zhiketong, a digital marketing provider offering SaaS-supported transaction services to four and five-star hotels in China. Zhiketong technology platform will help hospitality companies – including Doubletree,  Marriott, Westin and Hyatt – establish a direct-sale store on WeChat, the largest messaging and payment platform in China. The proceeds from the Zhiketong’s latest investment round are designed to help the firm speed up technology innovation and product portfolio development. In 2017, Zhiketong also raised 100 million RMB from IDG Capital.
 

Qkids, an online education platform which connects native English-speaking teachers to Chinese learners, has raised additional funds from Baidu, China's largest search engine, during a recent Series C round. The Xiamen-based online English education provider said it will use the latest investment for product and talent development, and marketing. Qkids currently has more than 600,000 paying students and more than 15,000 English speaking teachers on its platform. "The cooperation between Baidu and Qkids can help more children to gain growth in the valuable learning process," said Xutian Fu, CEO of Qkids. IDG Capital led the firm's Series B financing in 2017. IDG Capital was also an early investor in Baidu, which first went public on Nasdaq in 2005.
 

Coinbase, a San Francisco-based cryptocurrency exchange, has acquired Xapo's institutional custody business for $55 million. With the acquisition, Coinbase currently has over $7 billion in digital assets under custody. According to Fortune, the majority of Xapo's largest clients will transfer their funds to Coinbase, bringing over 514,000 Bitcoins under Coinbase's control. “From the start, we set out to build the world’s safest and most trusted institutional-grade custodian and today is an important milestone on that journey," said Sam McIngvale, CEO of Coinbase Custody. IDG Capital was an angel investor in Coinbase in 2013.
 

Meituan Dianping, an IDG Capital backed and Hong Kong-listed food delivery giant, is developing a mapping service for China – a technology market currently dominated by Alibaba’s AutoNavi and Baidu Maps. The company is currently building a development team, staffed by experts ranging from data mining engineers to machine learning scientists and technicians. Meituan recently surpassed search giant Baidu and e-commerce giant JD.com in market capitalization. IDG Capital was an early investor in Meituan, which went public in on the Hong Kong Stock Exchange in 2018, raising $4.2 billion through its IPO.
 

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.
 

iQiyi Sports, a sports streaming platform jointly operated by Nasdaq-listed iQiyi and IDG Capital-backed Super Sports Media, have secured the exclusive streaming rights to Spain’s top football league, La Liga Santander, for the 2019/2020 season. iQiyi Sports is now also expanding its content selection to include the Australian Open, Wimbledon, the UEFA Euro 2020 soccer championship, plus other popular international sporting events. IDG Capital took a 13.33% stake in iQiyi Sports in 2018 and was also an investor in parent company iQiyi, which Baidu, another IDG Capital-invested company, spun off in 2010.
 

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.