IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Facial Recognition

WakeData

Series B in 2021
WakeData empowers enterprises by bridging offline and online data. It offers one-stop big data solutions, combining data from WiFi probes, camera face recognition, user behavior, and store member systems to enhance operational efficiency and drive data-driven strategies.

WakeData

Series B in 2020
WakeData empowers enterprises by bridging offline and online data. It offers one-stop big data solutions, combining data from WiFi probes, camera face recognition, user behavior, and store member systems to enhance operational efficiency and drive data-driven strategies.

WakeData

Series A in 2019
WakeData empowers enterprises by bridging offline and online data. It offers one-stop big data solutions, combining data from WiFi probes, camera face recognition, user behavior, and store member systems to enhance operational efficiency and drive data-driven strategies.

WakeData

Seed Round in 2018
WakeData empowers enterprises by bridging offline and online data. It offers one-stop big data solutions, combining data from WiFi probes, camera face recognition, user behavior, and store member systems to enhance operational efficiency and drive data-driven strategies.

RELX Technology

Series A in 2018
RELX Technology is an independent e-cigarette brand headquartered in Beijing, focusing on the development of innovative e-vapor products exclusively for adult smokers. The company has established a strong presence in over 50 countries, emerging as the market leader in China. RELX's diverse product portfolio includes four distinct product lines and a smartphone application designed to enhance user experience. The company emphasizes ethical practices and is recognized by the Chinese government as a socially-responsible corporation. RELX Technology prioritizes research and development, employing advanced technologies such as artificial intelligence and facial recognition to prevent underage access to its products. With an integrated offline distribution model and branded retail outlets, RELX is well-positioned in China’s e-vapor market.

Meitu

Series C in 2014
Meitu is a global innovator in mobile photography and video applications, known for its proprietary facial recognition and virtual makeup try-on technologies. Since its inception in 2008, the company has developed a suite of popular apps, including MeituPic, Meipai, SelfieCity, BeautyCam, BeautyPlus, Airbrush, and MakeupPlus, which have collectively reached over 1 billion unique device installations. Meitu aims to create a mobile beauty ecosystem that enables users to discover, experiment with, create, and share new looks directly from their smartphones. In addition to its software offerings, Meitu is involved in the smart hardware sector, producing products such as the MeituEve AI skin analyzer and the Meitu Genius smart mirror. With a workforce of around 900 employees and offices in China, Santa Monica, and Palo Alto, Meitu is expanding its global presence, particularly in Latin America, Europe, the Middle East, and Asia Pacific. The company is actively seeking skilled professionals in various domains to support its growth strategy.

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.

Meitu

Series B in 2014
Meitu is a global innovator in mobile photography and video applications, known for its proprietary facial recognition and virtual makeup try-on technologies. Since its inception in 2008, the company has developed a suite of popular apps, including MeituPic, Meipai, SelfieCity, BeautyCam, BeautyPlus, Airbrush, and MakeupPlus, which have collectively reached over 1 billion unique device installations. Meitu aims to create a mobile beauty ecosystem that enables users to discover, experiment with, create, and share new looks directly from their smartphones. In addition to its software offerings, Meitu is involved in the smart hardware sector, producing products such as the MeituEve AI skin analyzer and the Meitu Genius smart mirror. With a workforce of around 900 employees and offices in China, Santa Monica, and Palo Alto, Meitu is expanding its global presence, particularly in Latin America, Europe, the Middle East, and Asia Pacific. The company is actively seeking skilled professionals in various domains to support its growth strategy.

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.
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