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Investor profile

IDG Capital

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

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

578 portfolio companies Private Equity, Venture Capital · $48B invested · 808 investments · Investor rank #63 · Last investment 7/2026
Portfolio companies 578 ↑ 29% 5y
Decacorns 16 ↑ 14% 5y
Thoroughbreds 49 ↑ 17% 5y
Estimated holdings

IDG Capital’s biggest current holdings.

An estimate of IDG Capital’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 26 companies where IDG Capital is a named shareholder, worth about $8.9B in estimated equity value.

#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 5.3% $6.0B $318M
  8. 8 10% $3.0B $300M
  9. 9 13.2% $2.1B $277M
  10. 10 17.5% $1.3B $220M
  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 cap tables on Dealroom →

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 $505BGaming
$54B IPO · 2018
Entered Series ANow $88BTelecom
$53B IPO · 2018
Entered Series B+Now $60BTelecom
$117M IPO · 2005
Entered Series B+Now $30BMedia
IPO · 2010
Entered Series ANow $16BTravel
$9.0B IPO · 2022
Entered Series B+Now $14BFintech
$8.4B IPO · 2020
Entered Series B+Now $14BEnergy
$14B IPO · 2026
Entered Series B+Now $7.7BMedia
$10B IPO · 2020
Entered Series ANow $12BSemiconductors
$6.4B IPO · 2018
Entered Series B+Now $11BEnergy
$9.7B IPO · 2025
Entered Series B+Now $9.7BMedia
IPO · 2020
Entered Series ANow $9.6BConsumer Electronics
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. China449
  2. USA76
  3. Singapore18
  4. Hong Kong16
  5. South Korea4
  6. Netherlands3
  7. Taiwan3
  8. UK2
  9. Vietnam2
  10. Australia1
  11. British Virgin Islands1
  12. Canada1
By sectorCount
  1. Enterprise Software71
  2. Fintech67
  3. Health62
  4. Media54
  5. Transportation39
  6. Marketing36
  7. Gaming29
  8. Energy26
  9. Education24
  10. Semiconductors24
  11. Robotics23
  12. Fashion21
By stage enteredCount
  1. Series A276
  2. Series B+172
  3. Seed141
By growth stageCount
  1. Late Growth206
  2. Early Growth195
  3. Breakout Stage188
  4. Mature2
Portfolio market map

Inside IDG Capital’s portfolio.

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

Meituan
Telecom · Decacorn
$60B
Moonshot AI | Kimi
Enterprise Software · Decacorn
$35B
DeepSeek
Enterprise Software · Decacorn
$50B
Guazi
Transportation · Unicorn
$9.0B
Yuanfudao
Education · Decacorn
$16B
SHEIN
Fashion · Decacorn
$40B
NIO
Energy · Decacorn
$11B
SenseTime
Security · Unicorn
$5.8B
Svolt
Energy · Unicorn
$3.6B
XPeng
Energy · Decacorn
$14B
Xiaomi
Telecom · Decacorn
$88B
Didi Woya
Transportation · Unicorn
$1.5B
Yixin
Fintech · Unicorn
$4.8B
ROX Motor
Transportation · Unicorn
$4.0B
Momenta.ai
Transportation · Unicorn
$6.8B
MGI Tech
Health · Unicorn
$4.0B
MiniMax AI
Media · Unicorn
$7.7B
Circle
Fintech · Decacorn
$14B
ESWIN Computing
Semiconductors · Unicorn
$1.6B
ARIDGE
Transportation · Unicorn
$2.5B
WeRide
Transportation · Unicorn
$4.4B
Qi An Xin
Security · Unicorn
$2.5B
Galbot
Robotics · Unicorn
$2.9B
ESWIN
Semiconductors · Unicorn
$2.0B
Akulaku
Fintech · Unicorn
$1.8B
Terminus Technologies
Enterprise Software · Unicorn
$1.1B
Robot Era
Robotics
$550M
Biren Technology
Semiconductors · Unicorn
$8.4B
Ripple
Fintech · Decacorn
$40B
Animoca Brands
Gaming · Unicorn
$5.9B
Kingsoft Cloud
Hosting · Unicorn
$3.2B
Bitmain
Fintech · Decacorn
$15B
Pony.ai
Robotics · Unicorn
$7.2B
PatPat
Fashion · Unicorn
$1.0B
Inceptio Technology
Transportation · Unicorn
$1.4B
Vancl
Fashion · Unicorn
$3.0B
Shuidi
Health
$325M
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
$5.8B
HeyTea
Food · Unicorn
$9.3B
Meitu
Media · Unicorn
$1.9B
LimX Dynamics
Robotics · Unicorn
$2.2B
Rokid
Consumer Electronics · Unicorn
$2.1B
SPH Health Commerce
Health
$799M
Meshy
Gaming · Unicorn
$1.5B
Fenbi Education
Education · Unicorn
$1.2B
UniVista
Semiconductors · Unicorn
$1.2B
D3 Bio
Health · Unicorn
$1.0B
ZBJ
Marketing · Unicorn
$1.6B
Wacai
Fintech · Unicorn
$1.0B
Zhaogang
Telecom · Unicorn
$1.0B
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 States17
  3. Hong Kong11
  4. India3
  5. Singapore3
  6. Argentina2
  7. Nigeria2
  8. Germany1
  9. Indonesia1
  10. Netherlands1
UniversityCount
  1. Tsinghua University21
  2. Zhejiang University6
  3. Massachusetts Institute of Technology5
  4. Stanford University4
  5. University of Science and Technology of China4
  6. Carnegie Mellon University3
  7. Peking University3
  8. The Chinese University of Hong Kong3
  9. Wharton School of the University of Pennsylvania3
  10. German Swiss International School2
Previous companyCount
  1. Alphabet | Google10
  2. Microsoft10
  3. SenseTime5
  4. Tencent5
  5. Adobe Photoshop4
  6. Oracle4
  7. Waymo4
  8. Baidu3
  9. Connectusers3
  10. Stanford University3
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.