IDG Blockchain to Co-Lead the Seed-Round Investment into U2U Network to Advance DePIN Technology

A proud member of the IDG Capital network, IDG Blockchain combines 20+ years of VC experience managing its earlier brother fund (IDG Ventures Vietnam, $100M) and a GP team of established technology and business experts in the Web3 space. IDG Blockchain is well-known in Southeast Asia and making its name known in the US. In fact, most of its portfolio companies are from the US. 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. After the success in China, the firm has expanded globally, operating 11 offices worldwide and managing several funds. Today, it has 23 billion USD of assets under management. Recognizing the transformative potential of blockchain technology, IDG Capital has made selective and visionary investments in notable projects such as Ripple, Coinbase, and Circle.