IDG Capital

IDG Capital (formerly IDG Capital Partners; ) is one of the oldest and largest global China-focused private equity and venture capital firms, originally established in 1993 as the venture arm of International Data Group (IDG), the U.S. technology-media-and-research conglomerate founded by Patrick J. McGovern. IDG Capital pioneered foreign venture capital investing in China in the 1990s and has evolved into an independent global investment platform with offices in Beijing (headquarters), Shanghai, Shenzhen, Hong Kong, Singapore, Seoul, San Francisco / Silicon Valley, New York, Boston, and London. The firm manages approximately USD 25+ billion in aggregate assets-under-management across multiple fund-strategies covering venture capital, growth equity, private equity buy-outs, real-estate and infrastructure, and dedicated sub-funds for healthcare, consumer, technology, and industrial themes. IDG Capital invests from seed through buy-out across China-based and globally-distributed technology companies, with a historical track-record that includes some of the earliest Chinese-technology wins: Baidu (NASDAQ: BIDU), Tencent (HKEX: 700), Xiaomi (HKEX: 1810), Meituan (HKEX: 3690), and many others. In March 2017, China Oceanwide Holdings and IDG Capital (led by Hugo Shong) acquired the IDG media/data parent from its U.S. owners. The firm is led by Chairman Hugo Shong (one of China's most influential early VCs; began investing in China in 1992), CEO Chris Yang Chou, and partners across its global offices.