IDG Capital

IDG Capital (Chinese: IDG资本) is a Chinese investment and asset management firm headquartered in Beijing that focuses in venture capital, private equity, and mergers & acquisitions. Though formed in the United States, the firm began investing in China in 1993 and was among the earliest foreign‑backed venture investors to operate there.^[2]

IDG Capital

Company type	Private
Industry	Investment Management
Founded	1992; 33 years ago (1992)
Headquarters	Beijing , China
Key people	Hugo Shong
Products	Private equity Growth equity Venture capital
AUM	US$23 billion (2021)[1]
Website	www.idgcapital.com

As of 2021, the firm managed more than US$23 billion in assets.^[2]

History

IDG Captial was founded in Boston in 1992.^[3] It entered China in 1993^[2] and was an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360.^[4]

In January 2017, IDG Capital and China Oceanwide Holdings Group acquired International Data Group (IDG) and its subsidiaries, International Data Corporation (IDC), IDG Communications, and IDG Ventures. IDG Capital became the controlling shareholder of IDG Ventures.^[5]

In March 2017, IDG Capital completed the acquisition of a 20 per cent stake in French Ligue 1 football club Olympique Lyonnais for €100m (US$105.38m).^[6]

According to a 2019 South China Morning Post report summarizing data from The Hurun Research Institute, IDG Capital ranked among the top three investors in Chinese unicorns.^[7]

In May 2021, IDG Capital invested in Bambu Lab, a tech company based in Shenzhen, China that produces desktop 3D Printers.^[8]

In January 2024, the United States Department of Defense named IDG Capital as a Chinese military company operating in the US.^[9][10] In December 2024, IDG Capital was removed from the list.^[11]