IDG sees 15 start-ups achieve unicorn status in 2016
Fifteen start-ups backed by IDG Capital Partners achieved valuations of $1 billion or more in 2016, taking the total number of unicorns in the China-focused VC firm’s portfolio to 26 over the past 12 years.
IDG said in a statement posted on its official WeChat account that it saw three portfolio companies go public in 2016, while two others won approval to list. The IPOs were led by Meitu, a photo and community...
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