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IDG Blockchain to Co-Lead Initial Investment in U2U Network to Advance DePIN Technology
A proud member of the IDG Capital network, IDG Blockchain combines over 20 years of VC experience from managing its previous sister fund (IDG Ventures Vietnam, $100 million) and a GP team of established technology and business experts in the Web3 space. IDG Blockchain is well-known in Southeast Asia and is making its name known in the United States. In fact, most of its portfolio companies are from the United States. IDG Capital is renowned for pioneering venture capital in China. World-renowned investments include Tencent, Baidu, Ctrip, Xiaomi, Shein Meituan, iQiyi, SenseTime, Moncler, and Farfetch. Following its success in China, the firm has expanded globally, operating 11 offices worldwide and managing multiple funds. Today, it has $23 billion in assets under management. Recognizing the transformative potential of blockchain technology, IDG Capital has made selective and visionary investments in notable projects such as Ripple, Monetary baseAND Circle.