IDG Capital | Activity | F4

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F4/IDG Capital/Activity

IDG Capital Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

New Fund

Began raising roughly $2 billion for a new growth fund targeting consumer technology and AI, with a first close targeted before year-end 2026.

$2 billion growth fund

bloomberg.comMAY 20, 2026

MAY 20, 2026

3 investments

· JAN 2026 – FEB 2026

Show all

Investment

Co-led (with Legend Capital) a roughly $42M Series A in BCIFlex, a Beijing-based brain-computer-interface startup.

BCIFlex

BCIFlex IDG Capital

dealstreetasia.comFEB 2026

FEB 2026

Investment

Existing pre-IPO investor in MiniMax Group's ~$619M Hong Kong IPO, alongside Alibaba, Tencent, and miHoYo.

MiniMax Group

MiniMax Group IDG Capital

siliconangle.comJAN 9, 2026

JAN 9, 2026

Investment

Led PhotonPay's tens-of-millions-of-dollars Series B for stablecoin-centric payment infrastructure, with Hillhouse, Enlight Capital, Lightspeed Faction, and Shoplazza participating.

PhotonPay

PhotonPay IDG Capital

pymnts.comJAN 2026

JAN 2026

News

Removed from the U.S. Department of Defense's list of Chinese military companies, roughly a year after being added in January 2024.

Removed from U.S. DoD Chinese military companies list

en.wikipedia.orgDEC 2024

DEC 2024