IDG Capital
{{Short description|Chinese investment and asset management firm}}
{{Infobox company
| name = IDG Capital
| logo = 240px
| logo_size = 300 px
| type = Private
| industry = Investment Management
| founded = {{Start date and age|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){{cite web |last1=Reale |first1=Hannah |title=Who Is IDG Capital? |url=https://www.thewirechina.com/2021/03/07/who-is-idg-capital/ |website=The Wire China |date=8 March 2021}}
| website = {{Official URL}}
}}IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions.
History
The firm, founded in 1992, was an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360.{{Cite web|url=http://cn.idgcapital.com/cn/company|title=投资公司|website=cn.idgcapital.com|access-date=2018-03-18|archive-date=2018-03-19|archive-url=https://web.archive.org/web/20180319084654/http://cn.idgcapital.com/cn/company|url-status=dead}}
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.{{Cite news|url=https://www.businesswire.com/news/home/20170119005600/en/China-Oceanwide-IDG-Capital-Announce-Agreement-Acquire|title=China Oceanwide and IDG Capital Announce Agreement to Acquire IDG|access-date=2018-03-18|language=en|archive-date=2018-03-19|archive-url=https://web.archive.org/web/20180319084917/https://www.businesswire.com/news/home/20170119005600/en/China-Oceanwide-IDG-Capital-Announce-Agreement-Acquire|url-status=live}}
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).{{Cite web|url=http://www.sportspromedia.com/news/idg-stake-acquisition-in-lyon-over-the-line|title=IDG stake acquisition in Lyon over the line|website=sportspromedia.com|date=March 2017|access-date=2017-03-01|archive-date=2017-03-02|archive-url=https://web.archive.org/web/20170302132216/http://www.sportspromedia.com/news/idg-stake-acquisition-in-lyon-over-the-line|url-status=live}}
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.{{Cite web |date=2019-05-14 |title=These are the savviest investors in Chinese unicorns |url=https://www.scmp.com/tech/start-ups/article/3009974/sequoia-tencent-and-idg-are-top-investors-chinese-unicorns-says |access-date=2019-11-01 |website=South China Morning Post |language=en |archive-date=2019-10-31 |archive-url=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 |url-status=live }}
In May 2021, IDG Capital invested in Bambu Lab, a tech company based in Shenzhen China that produces desktop 3D Printers.{{Cite web |title=Bambu Lab, Consumer-Grade 3D Printing Manufacturer, Nears CNY 1.5 Billion in Annual Revene |url=https://equalocean.com/news/2024010520422 |website=Equal Ocean}}
In January 2024, the United States Department of Defense named IDG Capital as a Chinese military company operating in the US.{{Cite web |date=February 9, 2024 |title=China private investment firms face growing U.S. scrutiny, analysts say |url=https://asia.nikkei.com/Politics/International-relations/US-China-tensions/China-private-investment-firms-face-growing-U.S.-scrutiny-analysts-say |access-date=2024-02-15 |website=Nikkei Asia |language=en-GB |archive-date=2024-02-15 |archive-url=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 |url-status=live }}{{Cite news |last=Sarah |first=McBride |date=February 6, 2024 |title=IDG Capital Works to Rebut US Claims Over China Military Ties |url=https://www.bloomberg.com/news/articles/2024-02-06/idg-capital-works-to-rebut-us-claims-over-china-military-ties |access-date=February 29, 2024 |work=Bloomberg News}} In December 2024, IDG Capital was removed from the list.{{Cite news |last=McBride |first=Sarah |date=2024-12-17 |title=IDG Capital Dropped From Pentagon’s China List |url=https://www.bloomberg.com/news/articles/2024-12-17/idg-capital-dropped-from-pentagon-s-china-list |access-date=2024-12-20 |work=Bloomberg News |language=en}}
References
External links
- {{Official website}}
{{Private equity and venture capital}}
{{authority control}}
Category:Financial services companies established in 1992
Category:Investment management companies of China