We break down one of China’s leading investment firms.
Co-chairmen Hugo Shong (left) and Jim Breyer at the Fortune Global Tech Forum in 2018. Credit: Shawn Koh/Fortune, Creative Commons
IDG Capital has backed some of China’s hottest startups. The venture capital and private equity firm that got its start in China in 1993 has made more than 1,000 investments over the past two decades. It made early bets on the Chinese search engine giant Baidu and the powerhouse social networking and gaming giant Tencent but has also backed Xiaomi, SenseTime, Pony.ai and Pinduoduo. Today, it has over $23 billion in assets under management, according to PitchBook.
It has stayed ahead o
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Agriculture has traditionally been a fruitful area for China-U.S. cooperation, dating back to the two countries’ resumption of diplomatic relations in the 1970s. Now it is just another area marked by Sino-American distrust, as Washington hunts Chinese agriscience “spies” and Beijing races to reduce reliance on U.S. farm exports.
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