Cryptocurrency trading platform Coinbase will start offering block trading services on its crypto exchange platform. With a daily trading volume of $315 million, the Coinbase exhange, GDAX, is now the world's ninth largest crypto exchange. IDG Capital was an angel investor in Coinbase.

Half of China's 1.3 billion people resides in rural China and so-called "lower-tier" cities with populations of only several million and are unconnected to the Internet. Pinduoduo, a group-buying e-commerce platform, is now targeting this much neglected market. The platform currently has 156 million monthly active users. IDG Capital has joined Pinduoduo's Series B funding round.

Blockchain-based cryptocurrency fintech firm Circle recently introduced Zcash, an open-source cryptocurrency product to help users manage assets on its Circle Invest platform. IDG Capital led Circle's Series C and D funding rounds.

Infront, a Swiss sports media and entertainment firm, is making an investment in COPA90, a London-based digital football content company.The cash infusion will support COPA90's international expansion into Latin America and China and also improve its audience data analysis. China's Dalian Wanda Group acquired Infront in 2015. IDG Capital is also an investor.

San Francisco-based blockchain firm Ripple has formed partnerships with five financial institutions in three countries-the U.K., Georgia, and Malaysia. The arrangement will help Ripple's partners reduce transaction failure rates and lower processing fees. IDG Capital was an angel investor in Ripple.

NIO, based in Shanghai and San Jose, has begun delivering its new ES8 electric vehicle. During the 2018 Beijing Auto Show, the ES8, which offers advanced AI-empowered capabilities, attracted massive press attention. IDG Capital joined NIO's Series B+ funding round.

IDG Capital participated in the most recent financing round for Lepur, a popular Chinese handmade yogurt brand. Coca-Cola led the round, its first major strategic investment in Asia. The new investment will help Lepur expand its offline distribution channel and also support new product design and distribution.

Nasdaq-listed travel platform Ctrip has announced it will invest in Denver-based jet startup Boom Supersonic. Boom plans to offer flights soon on aircraft capable of flying 1,451 miles an hour, fast enough to reduce the flight time from San Francisco to Shanghai from 11 hours to six. Defined by Ctrip as an "investment in the future", the partnership will also allocate the Shanghai travel service up to 15 seats on Boom's first supersonic flight. IDG Capital was an early investor in Ctrip.

Millennials are increasingly renting and sharing luxury high-end fashion, IDG Capital's Partner Jeacy Yan told the Global Fashion Innovation and Investment Forum in Beijing. IDG Capital has recently invested in two innovative startups: Y-Closet, which offers luxury clothes to share, and second-hand e-commerce site Plum. Previously, IDG Capital also invested in London-based e-tailer Farfetch and Moncler, based in Milan, two leading global fashion companies.

The BUild Lab IDG Capital Student Innovation Center at Boston University (BU) held its first annual IDEA Conference this week. The conference is designed to help BU students explore innovation and entrepreneurship. Both IDG Capital and its global chairman Hugo Shong, a BU alumnus, underwrote the construction of the on-campus lab. Officially launched in February, BUild has already hosted over 70 events for student innovators and entrepreneurs.

IDG Capital, an early investor in cross-platform podcasting app Castbox, has also joined the firm's $13.5 million Series B funding round. Based in Beijing, San Francisco and Hong Kong, Castbox uses natural language processing to help 15 million users search podcast content for specific words. The app now offers its members a total inventory of 50 million podcast episodes and is now also developing its own original content.

As China embraces specialty video streaming, Bilibili, a Nasdaq-listed online entertainment platform offering anime-themed content, is taking a leadership role in the market. IDG Capital invested in Bilibili in 2014 and the company is currently valued at $3.11 billion.

Anker, a Seattle and Shenzhen-based consumer electronics company, is releasing a new line of speakers and headphones under its Soundcore brand. The new audio devices have received positive reviews. IDG Capital led Anker's financing round in 2016.

Hong Kong-listed Tencent has invested $15 million in Epic Games, a Cary, North Carolina-based video game and software company. Tencent said it also intends to bring the firm's lead game, Fortnite, to China. Tencent has also recently invested in another game company, Unisoft.  IDG Capital was an early investor in Tencent. The company went public in 2004.

Nasdaq-listed Chinese luxury e-tailer Secoo recently formed a partnership with China's Caissa Travel to list each other's products on their respective websites. As part of the deal, Secoo will also acquire Beijing Yuri, a separate Caissa Travel services subsidiary, for an undisclosed sum. IDG Capital invested in Secoo's Series A, B and C funding rounds.

IDG Capital this week joined PatPat's $47.8 million Series C funding round. The Mountain View, California-based e-retailer sells Chinese-manufactured baby products worldwide. PatPat says the funding round will be used to enhance PatPat's global branding efforts and also improve its global supply chain. In 2014 IDG Capital led the company's Series A round.