IDG Capital is an investment and asset management firm, headquartered in Beijing, that specializes in venture capital, private equity, and mergers & acquisitions.

The firm, founded in 1992, was an early investor of Baidu, Tencent, Xiaomi, Meituan, and Qihoo 360.

[3] In March 2017, IDG Capital completed the acquisition of a 20 per cent stake in French Ligue 1 football club Olympique Lyonnais for €100m (US$105.38m).

[4] In 2019, Hurun Report has noted, IDG Capital is among the top three investors in Chinese unicorns, with 25 current listed portfolio companies now valued at more than US$1 billion.

[5] In January 2024, the United States Department of Defense named IDG Capital as a Chinese military company operating in the US.