IDG Capital

Merlin Chain Secures New Investments Co-led by Spartan Group and Hailstone Labs to Empower Bitcoin Apps

Retrieved on: 
Wednesday, April 17, 2024
Ethereum, Decentralized finance, EVM, Education, Ecosystem, TVL, Safety, BTC, Sequoia Capital, Blue box, Blockchain, Traction, Partnership, Research, United Nations Security Council, IDG Capital, Growth, Entrepreneurship, 5Y Capital, Privacy, Bertelsmann, Taproot, Decentralized application, ETH, ZK, Cryptocurrency

This strategic partnership marks an important milestone in Merlin Chain's journey, positioning it at the forefront of the Bitcoin ecosystem's evolution.

Key Points: 
  • This strategic partnership marks an important milestone in Merlin Chain's journey, positioning it at the forefront of the Bitcoin ecosystem's evolution.
  • Since its last funding round, Merlin Chain has successfully launched its mainnet, which has rapidly gained traction within the industry.
  • The addition of esteemed backers like Spartan Group will empower Merlin Chain to delve deeper into the institutional management scene, leveraging the new BTC staking narrative.
  • To this end, Merlin Chain has established the Merlin Security Council, which includes well-known entities such as Slowmist , BlockSec , Salus , Secure3 , ScaleBit and Revoke.Cash .

Honoring a Visionary: Remembering Pat McGovern on the 10th Anniversary of His Passing

Retrieved on: 
Tuesday, March 19, 2024
IDG Capital, Friends, Attention, Culture, Computerworld, Sickle cell disease, Brain, Organization, Information technology, Data science, Science, Memory, Intelligence, Partnership, MIT, IDG Ventures, Education, Salesforce, Perception, Society, Public policy, Research, Artificial intelligence, Entrepreneurship, Hope, International Data Group, Student, PC World, CRISPR, Ecosystem, IDG, Lore Harp McGovern, Management

Today marks the 10th anniversary of the passing of Pat McGovern, an extraordinary visionary and philanthropist.

Key Points: 
  • Today marks the 10th anniversary of the passing of Pat McGovern, an extraordinary visionary and philanthropist.
  • Beyond his remarkable business acumen, McGovern, with his wife, Lore, co-founded the McGovern Institute for Brain Research at MIT in 2000.
  • CRISPR discoveries made at the McGovern Institute are now licensed for the first clinical application of genome editing in sickle cell disease.
  • But it was people who truly motivated Pat, and he empowered and encouraged them to reach for the stars.

BounceBit Raises $6M in Seed Funding Round To Build Bitcoin Restaking Infrastructure

Retrieved on: 
Thursday, February 29, 2024
Blockchain Capital, Bodhi, Bitcoin, IDG Capital, SSC, General partnership, Anchorage Digital, Human, Early access, Ecosystem, Jim Breyer, TVL, Insurance, BTC, Cryptocurrency

SINGAPORE, Feb. 29, 2024 /PRNewswire/ -- We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure.

Key Points: 
  • SINGAPORE, Feb. 29, 2024 /PRNewswire/ -- We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure.
  • "We're thrilled to lead the seed round for BounceBit as they're pushing the frontiers of BTC Restaking and yield generation," said Ted Breyer, Partner at Breyer Capital.
  • "Their expertise and support will be instrumental in our mission to build restaking infrastructure to support yield generation for all types of Bitcoin across a variety of networks."
  • BounceBit will build a plethora of infrastructure, exploring the use-cases of Restaking for various types of Bitcoin.

BounceBit Raises $6M in Seed Funding Round To Build Bitcoin Restaking Infrastructure

Retrieved on: 
Thursday, February 29, 2024
Blockchain Capital, Bodhi, IDG Capital, SSC, General partnership, Anchorage Digital, Human, Early access, Jim Breyer, TVL, Decentralized finance, Insurance, BTC, Cryptocurrency

SINGAPORE, Feb. 28, 2024 /PRNewswire/ -- We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure.

Key Points: 
  • SINGAPORE, Feb. 28, 2024 /PRNewswire/ -- We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure.
  • "We're thrilled to lead the seed round for BounceBit as they're pushing the frontiers of BTC Restaking and yield generation," said Ted Breyer, Partner at Breyer Capital.
  • "Their expertise and support will be instrumental in our mission to build restaking infrastructure to support yield generation for all types of Bitcoin across a variety of networks."
  • BounceBit will build a plethora of infrastructure, exploring the use-cases of Restaking for various types of Bitcoin.

BSquared Network Announces Integration of Portal to Accelerate DeFi on Bitcoin

Retrieved on: 
Wednesday, February 28, 2024
EVM, IDG Capital, SAN, Blockchain, Partnership, Growth, Non-fungible token, Ecosystem, Privacy, ZKP, TGE, Decentralized finance, BTC, Cryptocurrency

SAN FRANCISCO, Feb. 28, 2024 /PRNewswire-PRWeb/ -- B² Network, the first Bitcoin rollup based on zero-knowledge proof verification, today announced a new integration with Portal, the first trust-minimized, Layer 2 cross-chain swaps that involve no bridges, custody or wrapping. The partnership will enable B² Network's native token and other BRC-20s and Bitcoin-based tokens from the B² ecosystem to be available in the Portal DEX Network and with other Portal ecosystem partners that integrate the Portal Swap SDK.

Key Points: 
  • "With our ecosystem tokens seamlessly available on the Portal DEX Network and partner marketplaces, we are one step closer to realizing our dream."
  • The network's vision is to accelerate innovation on the Bitcoin platform through the development of applications, such as DeFi, NFTs and other decentralized systems.
  • "Portal and B² Network are united by a common aim of providing tools to developers so they can build next-gen dApps on Bitcoin.
  • Portal partners utilizing the Portal Swap SDK, such as wallets, bridges and other protocols, will also have access to the B² Network of ecosystem-based tokens.

Avistone Biotechnology Announces Closing of Series B Financing

Retrieved on: 
Thursday, January 4, 2024
Research, Medical Devices, Genetics, Clinical Trials, Biotechnology, General Health, Pharmaceutical, Health, Science, Oncology, Venture round, Bain Capital, MET, IDG Capital, Physician, Hospital, Growth, Investment, Patient, SDIC, Therapy, NSCLC, Pharmaceutical industry

Beijing Avistone Biotechnology Co., Ltd. (also referred to as Avistone Biotechnology or Avistone), an innovative biotechnology company focused on precision oncology therapeutics, announced that they had recently completed their Series B financing of 1 billion Chinese yuan (~$140 million USD).

Key Points: 
  • Beijing Avistone Biotechnology Co., Ltd. (also referred to as Avistone Biotechnology or Avistone), an innovative biotechnology company focused on precision oncology therapeutics, announced that they had recently completed their Series B financing of 1 billion Chinese yuan (~$140 million USD).
  • The Series B financing was jointly led by SDIC CS Capital and IDG Capital, with participation from Yanchuang Capital and Cathay Capital.
  • Dr. Hepeng Shi, founder, chairman and CEO of Avistone Biotechnology, said: "We thank our Series B investors for trusting and investing in Avistone.
  • We will continue to pursue our vision to become a leading biotechnology company with a deep pipeline and focus on innovation.

TSUN Secures Over RMB 150 Million in Series B Funding, Accelerating Innovation in Photovoltaic Technology and Sustainable Energy Solutions

Retrieved on: 
Monday, November 20, 2023
Research, Safety, Suzhou HSR New Town, IDG Capital, RMB, TITAN, Cybook Gen3, PV, Renewable energy

SUZHOU, China, Nov. 20, 2023 /PRNewswire/ -- TSUN, a leading player in the photovoltaic (PV) industry, has recently secured over RMB 150 million in Series B funding, marking its second successful funding round in 2023.

Key Points: 
  • SUZHOU, China, Nov. 20, 2023 /PRNewswire/ -- TSUN, a leading player in the photovoltaic (PV) industry, has recently secured over RMB 150 million in Series B funding, marking its second successful funding round in 2023.
  • The funds will also support supply chain development and the expansion of domestic and international business channels, further solidifying TSUN's influence in the PV industry.
  • Founded in 2019, TSUN is dedicated to the innovative research and development of microinverters and energy storage products.
  • In response to industry challenges, TSUN introduced the TITAN series in 2020, touted as the world's first high-power single-phase microinverter.

Dream Pairs Sets Foot in the Bronx: Grand Opening of New Fashion Footwear Store

Retrieved on: 
Friday, October 27, 2023
Attention, Bay Plaza Shopping Center, Shoe, Walmart, Family, Friends, Shein, Nordstrom Rack, IDG Capital, Woman, Pearl of Great Price (Mormonism), Brand, Shoemaking, Amazon

NEW YORK, Oct. 27, 2023 /PRNewswire/ -- Dream Pairs, the renowned fashion footwear brand, is excited to announce the grand opening of its first brick-and-mortar retail store located at Bay Plaza Shopping Center, 352 Baychester Ave, Bronx, New York.

Key Points: 
  • NEW YORK, Oct. 27, 2023 /PRNewswire/ -- Dream Pairs, the renowned fashion footwear brand, is excited to announce the grand opening of its first brick-and-mortar retail store located at Bay Plaza Shopping Center, 352 Baychester Ave, Bronx, New York.
  • Jimmy Lau, VP of Brand Marketing at Dream Pairs, shared his enthusiasm, stating, " "The launch of our inaugural Dream Pairs store marks a significant milestone in our journey.
  • Dream Pairs, under the banner of Miracle Miles Footwear Group Inc., has attracted significant attention and investment.
  • For more information about Dream Pairs and the grand opening of the Bay Plaza store, please visit www.dreampairshoes.com.

Vision Knight Capital-Backed Online Furnishings Brand Ziel Home Technology Lists on SZSE

Retrieved on: 
Wednesday, June 28, 2023
IDG, Anker Innovations, IPO, Optimism, Marketplace, Shenzhen Stock Exchange, CNY, IDG Capital, History, USD, SZ, SKU, United Kingdom, Growth, Statista, IKEA, SZSE, FMCG, Video game, Retail, Target, Amazon, Wayfair

On June 21, 2023, Ziel Home Furnishing Technology Co., Ltd ("Ziel Home Technology") successfully listed on the A-share GEM Board of the Shenzhen Stock Exchange (SZSE) under the stock code SZ:301376.

Key Points: 
  • On June 21, 2023, Ziel Home Furnishing Technology Co., Ltd ("Ziel Home Technology") successfully listed on the A-share GEM Board of the Shenzhen Stock Exchange (SZSE) under the stock code SZ:301376.
  • This marked the second cross-border enterprise invested by Vision Knight Capital to list with an A-share IPO, following Anker Innovations (SZ: 300866).
  • In addition to the Amazon platform, Ziel Home Technology is developing its businesses on different online and offline channels.
  • Apart from Vision Knight Capital, IDG Capital has also been continuously supporting Ziel Home since its first investment in 2018.

Global Digital Economy Innovation Competition 2023 Kicks off

Retrieved on: 
Monday, June 26, 2023
Intelligence, Digital technology, Blockchain, Communication, Science, NFT, Photon, Health, China Association for Science and Technology, Sequoia Capital, Incubator, Star Market, Policy, National Development and Reform Commission, Digital security, Lead, The Digital Group, Information technology, Attention, Mentorship, IDG Capital, Cyberspace Administration of China, Cloud computing, Beijing Municipal Bureau of Culture, Internet, Development, Ministry, Entrepreneurship, Biomedicine, Digital China, Artificial intelligence, Virtual reality, Growth, City, Ecology, Digital, AI, Industrial, China National Convention Center, Digital health, Conference, RMB, Commerce, Retail, Creative industries, Cryptocurrency

BEIJING, June 25, 2023 /PRNewswire/ -- Promoting the development of the digital economy is a crucial strategic direction for many nations and a strategic choice to gain new competitive advantages and take the lead in development. To implement the overall planning for the Digital China initiative and foster the growth of the digital economy, the Beijing Municipal Bureau of Economy and Information Technology, the Chaoyang District People's Government of Beijing Municipality and Asia Digital Group have organized this Global Digital Economy Innovation Competition (GDEIC for short). It seeks to identify high-quality innovation projects and outstanding entrepreneurial talents. The competition operates on a framework called "1+6+N," which consists of a final competition alongside six sub-competitions and numerous supporting activities. The final competition is scheduled to take place on July 7 at the China National Convention Center in Beijing.

Key Points: 
  • To implement the overall planning for the Digital China initiative and foster the growth of the digital economy, the Beijing Municipal Bureau of Economy and Information Technology, the Chaoyang District People's Government of Beijing Municipality and Asia Digital Group have organized this Global Digital Economy Innovation Competition (GDEIC for short).
  • Innovation and entrepreneurship projects centered on the digital economy have been featured front and center by governments at all levels, related industries, and investment institutions.
  • With the theme of "Intelligence Enabled by Digital Technology for a Brighter Future", this GDEIC, centered around the trend of digital economy, emphasizes on the key development industries that include New-Generation Information Technology, Industrial Internet, Artificial Intelligence, Digital Security, Digital Healthcare, and Internet 3.0.
  • As a dynamic platform, the competition aims to discover and showcase the most innovative digital economy initiatives from around the world, further bolstering the growth of Beijing's digital economy.