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At a glance
IDG Capital appears in 3 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most recent tracked deal was Anew Labs' $290M round (Sep 16, 2026). It co-invests most often with Tencent. ValueAddVC also tracks 1 fund managed by IDG Capital.
Strategy
Stages
SeedGrowthBuyout
Sectors
ConsumerFintechHealthcare
Geographies
Hong Kong
Recent changes
- Sep 16, 2026Sep 16, 2026Invested in Anew Labs ($290M) TheNextWeb
- Sep 5, 2026Sep 5, 2026Sectors updated: Consumer, Fintech, Healthcare idgcapital.com
- Sep 5, 2026Sep 5, 2026Stages updated: Seed, Growth, Buyout idgcapital.com
- Aug 24, 2026Aug 24, 2026Invested in Xpeng Robotics ($900M) Electrek
- Jun 16, 2026Jun 16, 2026Invested in DeepSeek ($7.4B) Tech Startups
Earlier changes (1)
- Jan 1, 2015Jan 1, 2015New fund: IDG Capital Fund III Value Add VC funds tracker
Funds
1| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| IDG Capital Fund III | 2015 | size disputed | Flagship | As of 2015Value Add VC funds tracker |
Portfolio
7 totalRecent Investment Activity
3Track record: led 1 and participated in 2 of 3 tracked venture rounds · 3 in the last 12 months
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Sep 16, 2026 | Anew Labs | funding round | Participated | $290M | $1.5B | HongShan (Sequoia China)LeadIDG CapitalHillhouseGaorong VenturesPrimavera CapitalBoyu Capitalunverified5Y CapitalShanghai Future Industries FundSBP Group | TheNextWeb |
| Aug 24, 2026 | Xpeng Robotics | funding round | Led | $900M | $6.3B | Electrek | |
| Jun 16, 2026 | DeepSeek | funding round | Participated | $7.4B | $50B+ | Tech Startups |
Sector / Stage Activity
By sector (portfolio)
Robotics
2 · 29%
AI infra
2 · 29%
Biotech
1 · 14%
Consumer
1 · 14%
Co-Investors
12Similar Firms
overlapping sector, stage or regionValue Add Research
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Latest Pulse
- Oct 9, 2026Firmus Pulls Its $31B IPO Hours Before FilingNvidia-backed data-center developer Firmus withdrew its Australian IPO the day it was due to publish its prospectus, abandoning a roughly $31 billion valuation target amid market turbulence.→
- Oct 8, 2026Manus Raises $500M After Unwinding Meta's $2B DealManus's parent company closed the AI agent startup's first funding round as an independent company, with new backers stepping in after Chinese regulators forced Meta to abandon its roughly $2 billion acquisition.→
- Aug 26, 2026Why AI's Compute Boom Now Runs on Debt, Not EquityBroadcom is negotiating $60 billion-plus in special-purpose-vehicle debt to buy chips leased to Anthropic, the clearest sign yet AI's buildout is financed off-balance-sheet, not through venture equity.→
- Aug 24, 2026XPeng's Robotics Unit Raises $900M at $6.3B ValueXPeng Robotics raised over $900 million in its first external funding round, valuing the humanoid-robot unit at more than $6.3 billion, backed by IDG Capital, Alibaba and Tencent ahead of planned IRON robot mass production by year-end.→
- Aug 24, 2026XPeng Robotics Raises $900M+ at $6.3B ValuationXPeng's robotics unit raised more than $900 million at a $6.3 billion post-money valuation, the largest single-round private raise in China's embodied-AI industry, led by IDG Capital with Tencent and Alibaba as strategic backers.→
- Jul 27, 2026Shein's IPO Prospectus Reveals Slowing GrowthShein's Hong Kong IPO prospectus disclosed slowing revenue growth and a swing to a quarterly loss, complicating its push for a $40-50 billion valuation.→
- Jul 21, 2026Meshy Raises Nearly $400M for AI 3D GenerationMeshy raised nearly $400 million at a $1.5 billion valuation, the largest round on record for AI 3D generation, as its revenue grows roughly 12x year-over-year to more than 12 million registered users.→
- Jun 16, 2026DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+DeepSeek closed a $7.4B round backed by Tencent, CATL, JD.com, NetEase and IDG Capital, vaulting past a $50B valuation to become China's most valuable AI startup. The raise is a direct answer to the US frontier labs and a statement that the model race is now a two-superpower contest.→
- Jun 16, 2026DeepSeek's $7.4B Round Backed by Tencent, CATL and JDThe largest AI financing out of China this year: $7.4B from a strategic syndicate that hands DeepSeek both capital and distribution. At a $50B+ valuation, it is now the anchor of China's frontier-model ambitions.→
IDG Capital FAQ
What companies has IDG Capital invested in?
IDG Capital's portfolio includes Manus, DeepSeek, Moonshot AI, Anew Labs, Xpeng Robotics, LimX Dynamics, and 1 more tracked companies.
Who does IDG Capital co-invest with most?
In the rounds Value Add tracks, IDG Capital most often invests alongside HongShan (Sequoia China) (4 shared deals), Tencent (4 shared deals), Alibaba (3 shared deals), Boyu Capital (2 shared deals), JD.com (2 shared deals).
Sources & methodologyshow
Where these figures come from
- ElectrekValue Add VC data1 fact
- Tech StartupsValue Add VC data1 fact
- TheNextWebValue Add VC data1 fact
- Value Add VC funds trackerValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.