IDG Capital explained

IDG Capital
Type:Private
Industry:Investment Management
Founded:1992
Key People:Hugo Shong
Hq Location City:Beijing
Hq Location Country:China
Products:Private equity
Growth equity
Venture capital
Aum:US$23 billion (2021)[1]

IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions.

The firm, founded in 1992, was an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360.[2]

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.[3]

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).[4]

In 2019, Hurun Report has noted, IDG Capital is among the top three investors in Chinese unicorns, with 25 current listed portfolio companies now valued at more than US$1 billion.[5]

In January 2024, the United States Department of Defense named IDG Capital as a Chinese military company operating in the US.[6] [7]

References

  1. Web site: Reale . Hannah . Who Is IDG Capital? . The Wire China . 8 March 2021.
  2. Web site: 投资公司. cn.idgcapital.com. 2018-03-18. 2018-03-19. https://web.archive.org/web/20180319084654/http://cn.idgcapital.com/cn/company. dead.
  3. News: China Oceanwide and IDG Capital Announce Agreement to Acquire IDG. 2018-03-18. en. 2018-03-19. https://web.archive.org/web/20180319084917/https://www.businesswire.com/news/home/20170119005600/en/China-Oceanwide-IDG-Capital-Announce-Agreement-Acquire. live.
  4. Web site: IDG stake acquisition in Lyon over the line. sportspromedia.com. March 2017. 2017-03-01. 2017-03-02. https://web.archive.org/web/20170302132216/http://www.sportspromedia.com/news/idg-stake-acquisition-in-lyon-over-the-line. live.
  5. Web site: 2019-05-14 . These are the savviest investors in Chinese unicorns . 2019-11-01 . . en . 2019-10-31 . https://web.archive.org/web/20191031204322/https://www.scmp.com/tech/start-ups/article/3009974/sequoia-tencent-and-idg-are-top-investors-chinese-unicorns-says . live .
  6. Web site: February 9, 2024 . China private investment firms face growing U.S. scrutiny, analysts say . 2024-02-15 . . en-GB . 2024-02-15 . https://web.archive.org/web/20240215073159/https://asia.nikkei.com/Politics/International-relations/US-China-tensions/China-private-investment-firms-face-growing-U.S.-scrutiny-analysts-say . live .
  7. News: Sarah . McBride . February 6, 2024 . IDG Capital Works to Rebut US Claims Over China Military Ties . February 29, 2024 . Bloomberg News.