IDG Capital

Sources: Shanghai-based Anew Labs, a ByteDance spinoff that uses AI for drug discovery, raised $290M from HSG, IDG Capital, and others at a $1.5B valuation

Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after spinning …

Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG Capital at a $6.3B+ valuation; Gaorong Ventures, Tencent, and Alibaba also invested

Report: China-based Moonshot AI, which makes Kimi AI models, raised a $500M Series C at a $4.3B valuation led by IDG Capital; Alibaba and Tencent also invested

Iris Deng / South China Morning Post :

Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating

The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion

Sources: Didi Chuxing's on-demand trucking unit Didi Freight is close to raising $1.5B from Temasek, Jack Ma's Yunfeng Capital, IDG Capital, and others

Coco Liu / Bloomberg :

Qcraft, which is developing simulation software to help train autonomous vehicle systems, raises a seed round in the “dozens of millions”, led by IDG Capital

Kyle Wiggers / VentureBeat :

OPay, an Africa-focused mobile payments startup founded by Opera, raises $50M from investors including Sequoia China, IDG Capital, and Source Code Capital

OPay, an Africa focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding.

Crypto exchange Liquid says it is now valued at over $1B after raising an undisclosed sum in an ongoing Series C, with IDG Capital and Bitmain participating

Jon Russell / TechCrunch :

Terminus Technologies, a Chinese startup that provides IoT solutions in 70 cities, raises ~$173M Series B led by China Everbright and IDG Capital

Eudora Wang / China Money Network :

DEXON Foundation, a startup developing a high-speed blockchain protocol, announces it has closed a $20M private funding round led by IDG Capital

Kyt Dotson / SiliconANGLE :