Farfetch, a London-based luxury e-tailer, has unveiled a new global marketing drive alongside its new brand identity. The company said that the campaign brings its unique business model to life with “open-mindedness and optimism the driving forces”. The campaign will be launched in New York, Shanghai and London and will include “a multi-layered international content journey for customers across the Farfetch ecosystem and community”. In 2016, IDG Capital led Farfetch's Series F funding round.

IDG Capital has invested $14.6million in Beijing-based Dreame, a smart consumer technology startup that produces premium hairdryers and vacuums. The company has published more than 840 patent applications including over 270 invention patents. Dreame also joined the Xiaomi Technology Ecosystem at the end of 2017. The fresh proceeds will fuel Dreame’s marketing and sales efforts in Europe and North America and allow it to spend more on research and development.

Electric vehicle (EV) startup Xpeng, closed up more than 40% in its debut on the New York Stock Exchange on Thursday, after a $1.5 billion initial public offering. Founded in 2015, Xpeng is based in Guangzhou and also has an office in Silicon Valley. IDG Capital first joined Xpeng’s Series A round and also co-led its Series B round. Now IDG Capital is the third largest investor.

Razer, a San Francisco- and Singapore-based manufacturer of gaming peripherals, unveiled record high revenue of USD $447.5m, representing 25.3% year-on-year growth during the coronavirus pandemic period. Razer is most famous for its elite gaming hardware but has evolved over the years to include other services including payments, as well as software and fintech. In 2011, IDG Capital-Accel China invested $50 million in Razer.

Helijia, a platform for booking in-home, on-demand beauty services, has received investment from tech giant Alibaba, furthering the two companies’ cooperation in the beauty sector. Launched in 2014, the app allows users to make reservations for facials, manicures, nail treatments and massages, and have technicians serve them at home instead of going to brick-and-mortar locations. IDG Capital has led multiple financing rounds in Helijia.

Huohua, a Beijing-based online education platform specialized in math and science teaching, has closed $150 million financing round in the Series E1 round. Investors included IDG Capital. The total amount of capital the company raised has reached $340 million. Previously, IDG Capital also led the Series A round for Huohua's affiliate Wanduoduo, a toy rental app that allows users to rent toys for children.

Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is merging with Gores Metropoulos, a company sponsored by an affiliate of The Gores Group, a global investment firm. The combined company will have an “implied pro forma enterprise value” of approximately $2.9 billion and an equity value of $3.4 billion at closing. IDG Capital was an early investor in Luminar.

Firework, a Redwood City-based video-sharing start-up, has launched Open Story Page (OSP), providing a way for creators to monetize content without follower base requirements. Firework will expand its reach beyond the company's app by leveraging the Web to increase the content's visibility through multiple sources. Previously, IDG Capital led a $30 million funding in Firework and was also an early investor in Loop Now Technologies, Firework's parent firm.

IDG Capital-backed chipmaker VeriSilicon debuted on China's technology-focused STAR Market, raising $3 billion from its initial public offering. Founded in 2001 and headquartered in Shanghai, China, VeriSilicon has five design and R&D centers in China and the United States. Funds raised from the IPO will focus on R&D, including for consumers devices, as well as a “custom SoC platform for the smart cloud” and “R&D center upgrading projects”. IDG Capital joined VeriSilicon’s Series A round and the company has become the 6^th company going public in 2020.

Xiaomi, the world's fourth-largest smartphone manufacturer, will enter Hong Kong's Hang Seng Index next month. The company, along with IDG Capital-backed delivery platform Meituan Dianping, will also join the 'H-share' Hang Seng China Enterprises Index, which represents Chinese companies listed in Hong Kong. IDG Capital was an early investor in Xiaomi, which first went public in 2018 with a $52.7 billion valuation.

Waterdrop, a Beijing-based healthcare crowdfunding startup, has raised about $200 million to bankroll its expansion in healthcare crowdfunding, reaching a valuation of $2 billion. With more than 250 million users, Waterdrop works with 28 insurance companies including some of China’s biggest names. In 2018, IDG Capital joined a $74 million Series B funding round in Waterdrop.

Bilibili, an IDG Capital-backed Chinese video-sharing platform, has attracted YouTube stars launching official channels on Bilibili’s platform. The platform has as seen rapid growth in recent years, hitting a record 172 million monthly active users in May. Bilibili now hosts channels from content creators such as producer and musician Kurt Schneider, DJ Marshmello and animator Alan Becker. Prior to Bilibili’s listing on Nasdaq, IDG Capital led Bilibili's Series A funding round and also joined its A+ and B rounds.

Opera, a web browsing company based in Oslo, Norway, has hit 170,000 monthly active users engaging with its built-in Ethereum, Tron and Bitcoin wallets. The number is similar to MetaMask, another wallet browser extension provider, which measured 192,000 monthly active users. Founded in 1995, Opera currently has 360 million monthly active users. The company went public on Nasdaq in 2018, raising $115 million. IDG Capital joined Opera's pre-IPO financing round.

Coinbase, a San Francisco-based cryptocurrency exchange, is exploring the addition of 19 more tokens and coins as the company aims to tap into the rising popularity of Decentralized Finance (DeFi). New assets will be listed on a country-by-country basis depending on regulatory oversight in each particular jurisdiction. IDG Capital was an angel investor in Coinbase in 2013.

Guangzhou-based electric vehicle (EV) startup Xpeng has raised an additional $300 million. The latest fundraising has taken the total amount raised in the C+ round to more than $800 million. The funds will go towards research in areas such as intelligent vehicle technologies. In 2018, IDG Capital co-led Xpeng's $348 million Series B round.

Chinese food supply chain platform Guoquan completed a $60 million Series C round financing and IDG Capital also joined the round. Founded in 2017, Guoquan supplies food to small and medium-sized catering companies, and also enters the B2C field. Guoquan has achieved business coverage of nearly 4,000 stores in 24 provinces and 327 cities nationwide. This February, IDG Capital also led Guoquan’s $50 million Series B round.