IDG Capital is a leading investment firm headquartered in Hong Kong, focused on developing extraordinary companies through its expertise in venture capital, private equity, and M&A. Founded in 1993, it has backed major companies including Tencent, Baidu, Xiaomi, and Coinbase, with over US$23 billion in assets under management.
Average disclosed round size is $190.0M (across 168 rounds with reported amounts).
Portfolio
154
Fund Size
—
Top Stage
Series A
Last 12 Mo
5
Team
QZ
Quan Zhou
Co-Founding Partner
FW
Fan Wu
Managing Director, Consumer
ZP
Zixuan Pang
Managing Director
EL
Eric Leng
Investor
AC
Aditi Chen
Fund Manager
QD
Qiang Dai
MD, Sports and Entertainment
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
240 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Flova AI | Seed | $80M | Jul 2026 |
 Meshy | Series B | $400M | Jul 2026 |
 LimX Dynamics | Series B | $200M | Jul 2026 |
| XXPeng Robotics | Series C | $100M | Jan 2026 |
 XPeng | Unknown | $900M | Jan 2026 |
 BrainCo | Unknown | — | Jan 2026 |
| JJoyIn | Unknown | — | Jan 2026 |
| XXiaopeng Motors | Series A | $900M | Jan 2026 |
| CContemporary Amperex Technology | Unknown | $7.4B | Jan 2026 |
| Meshy | Series B | $400M | Jan 2026 |
 Xpeng | Seed | $900M | Jan 2026 |
 D3 Bio | Series C | — | Dec 2025 |
 Maxvax | Series D | — | Oct 2025 |
| RRobot Era | Series A | $42.2M | Jul 2025 |
| WWeimai | Series D | $27.3M | Jan 2025 |
 Transak | Seed | $660K | Jan 2025 |
 Nodepay | Growth | $7M | Dec 2024 |
 Gaib | Pre-Seed | $5M | Dec 2024 |
| CChainOpera | Seed | $40M | Jan 2024 |
| CCNHC | Unknown | $10M | Mar 2023 |
 Injective | Growth | $150M | Jan 2023 |
 Neopets Metaverse | Seed | $4M | Jan 2023 |
 DappOS | Seed | — | Jan 2023 |
| Injective | Series B | $40M | Aug 2022 |
| XXPeng Robotics | Series A | $100M | Jul 2022 |
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Top Co-Investors
HongShan25 shared
GGV Capital21 shared
Sequoia Capital15 shared
MPC11 shared
Temasek Holdings (Private) Limited11 shared
Hillhouse Investment11 shared
ZhenFund11 shared
Source Code Capital10 shared
GSR Ventures10 shared
DST Global10 shared
Green Pine Capital Partners9 shared
Stone Capital9 shared
Shenzhen Capital Group8 shared
SIG Asia Investment8 shared
GL Ventures7 shared
Yunfeng Capital7 shared
5Y Capital7 shared
Gaorong Capital7 shared
Accel7 shared
CDH Investments7 shared
Last updated: 7 October 2026