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IDG Capital is a leading investment firm, focusing on developing extraordinary companies through our expertise in private equity, venture capital and mergers and acquisitions.
IDG Capital Vietnam will continue the success of IDG Ventures Vietnam and is committed to bring our investment practice in Vietnam to another new level in the years to come.
Consumers in China’s largest cities purchased $1 billion in agricultural products from Pinduoduo, a group-buying e-commerce platform, between June 1 and June 12 – or 70 percent of total revenues – up 310 percent over the same period last year. Founded in Shanghai in 2015, Pinduoduo is now shifting its focus away from smaller Chinese cities to meet the demands of more affluent consumers in larger so-called “first- and second-tier” cities. The company now has 444.3 million monthly active users. IDG Capital joined Pinduoduo's Series B funding round in 2016. Pinduoduo went public on Nasdaq in 2018 with a valuation of $24 billion.
Coinbase, a San Francisco-based cryptocurrency trading platform, will offer Visa debit cards to users in six more European countries – Spain, Germany, France, Italy, Ireland and the Netherlands. Customers can now spend their Coinbase cryptocurrencies online there, in addition to the United Kingdom. IDG Capital was an angel investor in Coinbase in 2013.