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Investor profile

IDG Capital

Venture capital firm · Founded 1992 · Active in 2026

IDG Capital is a venture capital firm based in Beijing, China, founded in 1992. The page below shows 111 Power Law outcomes from IDG Capital's portfolio — 102 unicorns ($1B+ valuation) and 6 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Other · Fintech · Transportation; top portfolio geographies are China · USA · Hong Kong. IDG Capital ranks #27 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

111 Power Law outcomes Power Law Ranking #27 · Global · 111 Power Law outcomes · Active 2026
Unicorns ↑ 36% 5y
102
Decacorns ↓ 7% 5y
13
Thoroughbreds ↑ 53% 5y
53
01 · Exits

IDG Capital’s biggest exits.

IDG Capital portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2004
Entered Series ANow $474B
$54.0B IPO · 2018
Entered Series ANow $84.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$52.8B IPO · 2018
Entered Series B+Now $49.6B
IPO · 2005
Entered Series B+Now $39.0B
$27.1B IPO · 2026
Entered Series B+Now $27.1B
$10.4B IPO · 2020
Entered Series ANow $19.9B
IPO · 2010
Entered Series ANow $17.0B
$14.1B IPO · 2020
Entered Series B+Now $42M
$6.0B IPO · 2025
Entered Series ANow $14.1B
$8.4B IPO · 2020
Entered Series B+Now $13.0B
$6.4B IPO · 2018
Entered Series B+Now $12.9B
$9.7B IPO · 2025
Entered Series B+Now $9.7B
$7.0B IPO · 2021
Entered Series ANow $7.6B
$7.5B IPO · 2018
Entered Series B+Now $1.5B
$4.5B IPO · 2024
Entered SeedNow $7.2B
IPO · 2011
Entered Series ANow $6.0B
IPO · 2015
Entered Series ANow $5.9B
$3.2B IPO · 2018
Entered Series B+Now $5.2B
$3.0B IPO · 2017
Entered Series B+Now $4.9B
IPO · 2012
Entered SeedNow $4.8B
$3.7B IPO · 2020
Entered Series B+Now $4.8B
IPO · 2018
Entered Series B+Now $4.7B
$4.6B IPO · 2016
Entered Series B+Now $2.0B
02 · Estimated holdings

IDG Capital’s selected top 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 →

+8 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 111 IDG Capital Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. China83
  2. USA13
  3. Hong Kong6
  4. Singapore4
  5. UK2
  6. Sweden1
  7. Indonesia1
  8. Nigeria1
By sectorCount
  1. Other20
  2. Fintech17
  3. Transportation12
  4. eCommerce & Marketplaces11
  5. AI11
  6. Other B2B Software9
  7. Marketing6
  8. Edtech6
  9. Food4
  10. Biotech & Life Sciences4
  11. Robotics3
  12. Cybersecurity3
By stage enteredCount
  1. Series B+60
  2. Series A33
  3. Seed15
04 · Portfolio market map

IDG Capital's 111 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
111 of 111 Power Law outcomes
05 · Power Law comparison

How does IDG Capital stack up?

IDG Capital in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where IDG Capital's portfolio founders come from — and where they studied.

150 founders across the 111 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Tsinghua University and Microsoft are the deepest single pipelines.

LocationCount
China121
United States7
New Zealand1
Canada1
View on app →
UniversityCount
Tsinghua University12
The Chinese University of Hong Kong6
Shanghai Jiaotong University6
University of Science and Technology of China4
Stanford University4
Wuhan University3
Zhejiang University3
Carnegie Mellon University3
German Swiss International School2
The Chinese University of Hong Kong, Shenzhen 香港中文大学(深圳)2
+34 more →
Origin companyCount
Microsoft11
Alphabet | Google5
Dianping4
Tencent3
36Kr2
SenseTime2
BeOne Medicines2
Meta2
NetEase2
Baidu2
+31 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at IDG Capital.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about IDG Capital

An AI-synthesized read of the highest-engagement posts about IDG Capital on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about IDG Capital

Recent press, funding announcements, and portfolio moves mentioning IDG Capital — pulled live from Dealroom's news feed.

See all news

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