IDG Capital

work with private equity and venture capital fund managers, investment advisors and business entities from around the world.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Simon Ho

CFO

Ning Kang

Managing Director

Jianguang Li

Venture Partner

Xiaojun Li

Partner

Meng Lian

Partner

Dongliang Lin

Partner

Yikun Liu

Partner

Michelle Ma

Partner

Patrick McGovern

Founder and Chairman

Kuiguang Niu

Partner

Hugo Shong

Founding Chairman

Chen Tong

Partner

Jeacy Yan

Partner

Fei Yang

Director of IPO Division

Xinhua Yu

Partner

Jin Yu Ph.D

Partner

Antony Yung

Partner

Jianbin Zhang

Venture Partner

Haitao Zhang

Managing Director

Peter Zhang Ph.D

Vice President

Zhiyong Zhen

Principal

Quan Zhou

Managing Partner

Jian Zhu

Venture Partner

Past deals in Design

SemiGraph

Angel Round in 2025
SemiGraph focuses on the research, development, and implementation of "3D intelligent interaction + ultimate aesthetics."

Dreame Technology

Series C in 2021
Dreame Technology is a Chinese consumer electronics company founded in 2015. It designs and manufactures smart home appliances, including cordless vacuum cleaners, sweeping and mopping robots, hair dryers, and personal care products, with a focus on premium quality and intelligent features. The company emphasizes proprietary high-speed digital motor technology, multi-scenario intelligent control, and AI-driven solutions to enable efficient, convenient, and higher-quality living, supporting the evolution of modern smart homes.

D2CMALL.COM

Series D in 2020
D2CMALL.COM is an e-commerce platform for fashion and beauty products. It combines trendy fashion, cutting-edge art, and personalized design, and it collects the most plentiful, novel, and high-quality women's clothing. Menswear, shoes, bags, and fashion accessories are all available. The official website offers private customized brands in addition to the limited pre-sale of designer products. The D2C designer integration store is now open throughout the country.

Dreame Technology

Series B in 2020
Dreame Technology is a Chinese consumer electronics company founded in 2015. It designs and manufactures smart home appliances, including cordless vacuum cleaners, sweeping and mopping robots, hair dryers, and personal care products, with a focus on premium quality and intelligent features. The company emphasizes proprietary high-speed digital motor technology, multi-scenario intelligent control, and AI-driven solutions to enable efficient, convenient, and higher-quality living, supporting the evolution of modern smart homes.

Acne Studios

Corporate Round in 2018
Acne Studios AB is a luxury fashion house that specializes in designing and manufacturing ready-to-wear clothing, footwear, and accessories for both men and women. Founded in 1996 by Jonny Johansson, the company is headquartered in Stockholm, Sweden, and has flagship stores in major cities worldwide, including Australia, China, the United States, the United Kingdom, and several European countries. Acne Studios is known for its eclectic use of materials and custom-developed fabrics, offering a diverse range of products that include outerwear, jeans, knitwear, dresses, shoes, and leather goods. The brand emphasizes contemporary tailoring and style, catering to a global clientele through its retail locations and online platforms.

VETRESKA

Series A in 2018
VETRESKA is a brand dedicated to creating innovative pet supplies for cats and dogs. Established in 2017, the company focuses on designing unique pet products that combine fun and functionality with quality craftsmanship. VETRESKA offers a range of items including organic pet food, toys, and resting areas, all aimed at enhancing pets' lifestyles. The brand draws inspiration from people's lives to create designs that allow pet lovers to share everyday joys with their companions.

VETRESKA

Series A in 2018
VETRESKA is a brand dedicated to creating innovative pet supplies for cats and dogs. Established in 2017, the company focuses on designing unique pet products that combine fun and functionality with quality craftsmanship. VETRESKA offers a range of items including organic pet food, toys, and resting areas, all aimed at enhancing pets' lifestyles. The brand draws inspiration from people's lives to create designs that allow pet lovers to share everyday joys with their companions.

Ready Go

Series A in 2018
Ready Go is a developer of entertainment products that specializes in creating casual puzzle games and educational materials for children. The company focuses on research and development to innovate in children's gaming, striving to merge entertainment with educational value. Ready Go emphasizes social interaction within its games and aims to produce high-quality, boutique gaming experiences. Additionally, the company operates a game recommendation platform and sharing community through its WeChat applet, "Play ReadyGo," which offers users access to both domestic and international game information.

MagMode

Series C in 2018
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

Ready Go

Series A in 2018
Ready Go is a developer of entertainment products that specializes in creating casual puzzle games and educational materials for children. The company focuses on research and development to innovate in children's gaming, striving to merge entertainment with educational value. Ready Go emphasizes social interaction within its games and aims to produce high-quality, boutique gaming experiences. Additionally, the company operates a game recommendation platform and sharing community through its WeChat applet, "Play ReadyGo," which offers users access to both domestic and international game information.

Kujiale

Series D in 2018
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

T She Dingzhi

Series A in 2018
T She Dingzhi offers a platform for clothes design. Their business enables additional, fully-customizable t-shirts, hoodies, and sweaters to its clients. Through responsible, managed services, subscription cultural apparel, and other means, they are dedicated to assisting businesses in improving their services. It adapts and pursues accuracy and exquisite, repeatedly setting the bar for the sector.

Zaozuo

Series B in 2017
Zaozuo is a Chinese company that specializes in designing and manufacturing modern furniture products. Its offerings include a range of items such as the New Deep Sea Sleeping Mattress, Minimalist Soft beds, and Half Moon Bay Smart Electric Beds. In addition to these products, Zaozuo also provides log wall hanging boxes, along with online shopping and delivery services. The company aims to enhance the creativity and quality of household furniture, catering to a diverse clientele seeking contemporary design solutions.

MagMode

Series B in 2017
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

MagMode

Series A in 2016
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

Kujiale

Series C in 2016
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

LUX

Series A in 2016
Lux is a mobile shopping app based in the San Francisco Bay Area. Lux's mission is to find inspired products to light a customer's day. Every week, Lux launches new brands in Home, Accessories, and Gifts. Each items is hand-picked, one-of-a-kind. Lux is committed to authenticity and the world of designers, both undiscovered and iconic.

MagMode

Seed Round in 2016
MagMode is a men's fashion brand incubator. The company has opened three stores in Beijing, and plans to open more in other major cities in China. It also operates a mobile app featuring the latest international fashion trends and concepts. Initiated by editor-in-chief of the world’s top fashion magazine, fashion director, writer and artist, Magmode collaborates each season with fashion publishers, artists and designers from fashion’s origins including Europe and Japan in order to find and select the most promising designers of the season. Given proper consideration to subtle details, each collection is tailored to best fit Asian figures. By offering a cultural initiative to discuss possibilities of life, Magmode redefines fashion boutique through various means including workshops, photos, videos and publications, with absolute dedication to become an incubator and advocate for fashion and culture. Founded in 2015 by Cai Chongda, the company is headquartered in Minhang, Shanghai, China.

T She Dingzhi

Angel Round in 2015
T She Dingzhi offers a platform for clothes design. Their business enables additional, fully-customizable t-shirts, hoodies, and sweaters to its clients. Through responsible, managed services, subscription cultural apparel, and other means, they are dedicated to assisting businesses in improving their services. It adapts and pursues accuracy and exquisite, repeatedly setting the bar for the sector.

D2CMALL.COM

Series B in 2015
D2CMALL.COM is an e-commerce platform for fashion and beauty products. It combines trendy fashion, cutting-edge art, and personalized design, and it collects the most plentiful, novel, and high-quality women's clothing. Menswear, shoes, bags, and fashion accessories are all available. The official website offers private customized brands in addition to the limited pre-sale of designer products. The D2C designer integration store is now open throughout the country.

3KongJian

Series A in 2015
3KongJian is a company that specializes in home design, decoration, and construction services. It operates an internet platform that facilitates home decoration and refurbishing projects, offering professional design and quality supervision services. By employing an online-to-offline (O2O) model, 3KongJian integrates high-quality resources, including construction teams and essential materials, to ensure the delivery of superior home decoration services. The company's focus on quality and professional oversight aims to enhance the overall experience for clients seeking home improvement solutions.

Yetang

Series A in 2014
Yetang is a Chinese e-commerce platform that specializes in connecting young consumers with independent designers. Founded to cater to the growing demand for unique fashion and lifestyle products, Yetang offers a diverse selection of apparel and accessories from smaller brands and designers globally. In 2014, the platform featured 110,000 products from 800 designers across 34 countries, showcasing its commitment to promoting indie talent. By providing a space for these creators, Yetang enables customers to discover and engage with innovative designs, enhancing the shopping experience with a focus on individuality and creativity.

Zaozuo

Series A in 2014
Zaozuo is a Chinese company that specializes in designing and manufacturing modern furniture products. Its offerings include a range of items such as the New Deep Sea Sleeping Mattress, Minimalist Soft beds, and Half Moon Bay Smart Electric Beds. In addition to these products, Zaozuo also provides log wall hanging boxes, along with online shopping and delivery services. The company aims to enhance the creativity and quality of household furniture, catering to a diverse clientele seeking contemporary design solutions.

Yetang

Angel Round in 2014
Yetang is a Chinese e-commerce platform that specializes in connecting young consumers with independent designers. Founded to cater to the growing demand for unique fashion and lifestyle products, Yetang offers a diverse selection of apparel and accessories from smaller brands and designers globally. In 2014, the platform featured 110,000 products from 800 designers across 34 countries, showcasing its commitment to promoting indie talent. By providing a space for these creators, Yetang enables customers to discover and engage with innovative designs, enhancing the shopping experience with a focus on individuality and creativity.

Faceu

Series A in 2014
Faceu is a Chinese mobile application specializing in online photo editing and sharing, designed to enhance user-generated content through augmented reality technology. The app enables users to capture pictures and videos using more than 300 live effects and fun stickers, which can be easily shared on various social media platforms. With a user base exceeding 250 million globally, approximately 75% of its users are women. Faceu focuses on providing an interactive experience by allowing users to apply facial-tracking stickers and edit their photos in real-time during video chats and selfies, streamlining the creative process and encouraging social engagement.

ZCOOL

Series A in 2014
ZCOOL is a Beijing-based online community platform founded in August 2006 that enables designers to share and showcase their work. The platform caters to over four million users, with approximately 20,000 new design submissions daily, fostering a vibrant creative environment. ZCOOL facilitates potential commercial opportunities for its members by partnering with image firm Shutterstock to enhance its image database services. The company aims to expand its community, enhance content offerings, and provide additional services, such as training courses and job matching, to further support its members in their professional development.

Kujiale

Series B in 2014
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

LUX

Angel Round in 2014
Lux is a mobile shopping app based in the San Francisco Bay Area. Lux's mission is to find inspired products to light a customer's day. Every week, Lux launches new brands in Home, Accessories, and Gifts. Each items is hand-picked, one-of-a-kind. Lux is committed to authenticity and the world of designers, both undiscovered and iconic.

Faceu

Angel Round in 2014
Faceu is a Chinese mobile application specializing in online photo editing and sharing, designed to enhance user-generated content through augmented reality technology. The app enables users to capture pictures and videos using more than 300 live effects and fun stickers, which can be easily shared on various social media platforms. With a user base exceeding 250 million globally, approximately 75% of its users are women. Faceu focuses on providing an interactive experience by allowing users to apply facial-tracking stickers and edit their photos in real-time during video chats and selfies, streamlining the creative process and encouraging social engagement.

Kujiale

Series A in 2013
Kujiale operates an online platform specializing in home decoration and furnishing information. Based in Hangzhou, China, it offers tools for creating 3D models, applying textures, and visualizing designs in various formats.

EVISU

Corporate Round in 2011
EVISU is a designer and manufacturer of designer apparel. It operates as an internationally acclaimed lifestyle brand that started gaining the attention of the fashion world with Japanese selvage contemporary apparel and has a product portfolio that includes full collections of men's and women's wear,

Shineon

Series C in 2011
Shineon is a Chinese high-tech enterprise specializing in high-brightness LED packaging products. It develops and manufactures high brightness chips and application products, focusing on low thermal resistance, high brightness, and consistent color temperature. Shineon's SMD-LED products cater to LCD backlighting requirements, while its high brightness LED chips and integrated packaging products serve the solid-state lighting market.

Shineon

Series B in 2010
Shineon is a Chinese high-tech enterprise specializing in high-brightness LED packaging products. It develops and manufactures high brightness chips and application products, focusing on low thermal resistance, high brightness, and consistent color temperature. Shineon's SMD-LED products cater to LCD backlighting requirements, while its high brightness LED chips and integrated packaging products serve the solid-state lighting market.

Yingke Industrial

Series A in 2007
Shanghai Yingke Industrial Co., Ltd., founded in 2002, is a Chinese enterprise which is registered in the Huqiao Industrial Development Zone of Zhelin town in the Fengxian District of Shanghai. It specializes in the production and marketing of high polymer faux-wooden molding and upper-end art such as picture frames, mirror frames, photo frames, and more. The main feature of Yingke Industrial lies in recycling, where domestic and overseas recycled PS plastic is processed into fine wall decorations using its proprietary technique. Based on traditional wooden frame manufacturing, the company simplifies the complicated production process while creating a positive impact on environmental protection.
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