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IDG Capital

Private Equity, Venture Capital · Founded 1992 · Dongcheng District, China

#27 Investor Ranking 2026 Top 0.5% of investors worldwide

The first foreign investment institution in China, integrates global perspective with local resources for investment management

578 Portfolio companies+26% in 5 years
134 Unicorns
23 Decacorns
808 Investments
Jul 2026 Last investment
02 · Biggest holdings

IDG Capital’s biggest current holdings.

IDG Capital is a named shareholder in 26 companies. Dealroom estimates those stakes are worth about $8.8B in total — the disclosed percentage × each company’s latest valuation. The 12 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 YuanfudaoEducation · Decacorn 10.5% $15.5B $1.6B
  2. 2 SHEINFashion · Decacorn 4% $40.0B $1.6B
  3. 3 HeyTeaFood · Unicorn 11.5% $9.3B $1.1B
  4. 4 KuCoinFintech · Decacorn 8.5% $10.0B $850M
  5. 5 GuaziMarketing · Unicorn 5% $9.0B $450M
  6. 6 Royole CorporationEnterprise Software · Unicorn 7.5% $5.0B $375M
  7. 7 10% $3.0B $300M
  8. 8 13.2% $2.1B $277M
  9. 9 17.5% $1.3B $220M
  10. 10 5.3% $4.0B $212M
  11. 11 16% $1.3B $208M
  12. 12 7% $2.9B $203M

Showing the 12 largest of 26 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = IDG Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. IDG Capital also appears inside investor groups in Ripple, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

03 · Exits

IDG Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from IDG Capital’s transaction record.

$11B IPO · 2004
Entered Series ANow $513BGaming
Foxconn Industrial Internet
IPO · 2018
Now $184BRobotics
$54B IPO · 2018
Entered Series ANow $75BTelecom
$24B IPO · 2018
Now $67BFood
$53B IPO · 2018
Entered Series B+Now $59BTelecom
AMEC
$2.3B IPO · 2019
Now $47BSemiconductors
$117M IPO · 2005
Entered Series B+Now $32BMedia
IPO · 2003
Now $21BTravel
$10B IPO · 2020
Entered Series ANow $17BSemiconductors
IPO · 2010
Entered Series ANow $16BTravel
$9.0B IPO · 2022
Entered Series B+Now $15BFintech
Moncler
IPO · 2013
Now $15BWellness Beauty
04 · Portfolio analysis

Where IDG Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 578 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. China521
  2. USA91
  3. Singapore18
  4. Hong Kong15
  5. South Korea4
  6. France3
  7. Germany3
  8. Japan3
  9. Netherlands3
  10. India2
  11. Switzerland2
  12. Taiwan2
By sectorCount
  1. Enterprise Software76
  2. Health72
  3. Fintech67
  4. Media62
  5. Transportation44
  6. Marketing39
  7. Gaming36
  8. Energy34
  9. Semiconductors29
  10. Fashion27
  11. Robotics27
  12. Education25
By stage enteredCount
  1. Series A272
  2. Series B+173
  3. Seed132
By growth stageCount
  1. Late Growth247
  2. Early Growth216
  3. Breakout Stage215
  4. Mature9
05 · Portfolio market map

Inside IDG Capital’s portfolio.

The 60 highest-funded portfolio companies, of 578 tracked.

DeepSeek
Enterprise Software · Decacorn
$50B
Meituan
Telecom · Decacorn
$59B
Moonshot AI | Kimi
Enterprise Software · Decacorn
$35B
Guazi
Transportation · Unicorn
$9.0B
Yuanfudao
Education · Decacorn
$16B
SHEIN
Fashion · Decacorn
$40B
PDD Holdings
Food · Decacorn
$67B
NIO
Energy · Decacorn
$11B
SenseTime
Security · Unicorn
$6.1B
Svolt
Energy · Unicorn
$3.6B
XPeng
Energy · Decacorn
$14B
iQiyi
Media · Unicorn
$2.9B
Wish
Fashion
$42M
Legendary Entertainment
Media · Unicorn
$3.5B
Xiaomi
Telecom · Decacorn
$75B
Didi Woya
Transportation · Unicorn
$1.5B
Lime
Transportation · Unicorn
$2.4B
Yixin
Fintech · Unicorn
$4.8B
ROX Motor
Transportation · Unicorn
$4.0B
Momenta.ai
Transportation · Unicorn
$6.3B
MGI Tech
Health · Unicorn
$4.0B
MiniMax AI
Media · Decacorn
$13B
Circle
Fintech · Decacorn
$15B
ARIDGE
Transportation · Unicorn
$2.5B
ESWIN Computing
Semiconductors · Unicorn
$1.6B
WeRide
Transportation · Unicorn
$4.4B
Qi An Xin
Security · Unicorn
$2.7B
Galbot
Robotics · Unicorn
$2.9B
ESWIN
Semiconductors · Unicorn
$2.0B
Akulaku
Fintech · Unicorn
$1.8B
Ping An Good Doctor
Health · Unicorn
$1.1B
Terminus Technologies
Enterprise Software · Unicorn
$1.1B
Robot Era
Robotics
$550M
Biren Technology
Semiconductors · Decacorn
$12B
Ripple
Fintech · Decacorn
$40B
Animoca Brands
Gaming · Unicorn
$5.9B
Kingsoft Cloud
Hosting · Unicorn
$4.0B
Bitmain
Fintech · Decacorn
$15B
Pony.ai
Robotics · Unicorn
$7.2B
PatPat
Fashion · Unicorn
$1.0B
EnerVenue
Energy · Unicorn
$1.2B
Farfetch
Fashion
$158K
Inceptio Technology
Transportation · Unicorn
$1.4B
Vancl
Fashion · Unicorn
$3.0B
Shuidi
Health
$270M
Gokin Solar
Energy · Unicorn
$2.4B
Galaxea AI
Robotics · Unicorn
$2.8B
Dreame Technology
Home Living · Unicorn
$2.3B
Huohua
Education · Unicorn
$1.5B
OPay
Fintech · Unicorn
$2.0B
9F Group
Fintech
Smart Fabric
Fashion · Unicorn
$1.8B
Guoquan Shihui
Food
$53M
Medbanks Network Technology
Health · Unicorn
$1.2B
Dmall
Food · Unicorn
$1.6B
Bilibili
Media · Unicorn
$5.5B
HeyTea
Food · Unicorn
$9.3B
Meitu
Media · Unicorn
$2.1B
LimX Dynamics
Robotics · Unicorn
$2.2B
Rokid
Consumer Electronics · Unicorn
$2.1B
06 · Portfolio founders

Where IDG Capital’s portfolio founders come from.

200 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. China153
  2. United States19
  3. Hong Kong11
  4. Singapore3
  5. Argentina2
  6. Nigeria2
  7. Germany1
  8. Indonesia1
  9. Netherlands1
  10. Senegal1
UniversityCount
  1. Tsinghua University19
  2. Zhejiang University8
  3. Massachusetts Institute of Technology5
  4. University of Science and Technology of China5
  5. Carnegie Mellon University3
  6. Peking University3
  7. Stanford University3
  8. Sun Yat-sen University3
  9. The Chinese University of Hong Kong3
  10. Wharton School of the University of Pennsylvania3
Previous companyCount
  1. Microsoft9
  2. Alphabet | Google7
  3. Tencent6
  4. SenseTime5
  5. Adobe Photoshop4
  6. Oracle4
  7. Baidu3
  8. Connectusers3
  9. Stanford University3
  10. Sunopsis3