China: IDG Capital scores 17 exits, 15 portfolio firms cross $1b valuations in 2016

IDG Capital has said it had a bumper 2016, scoring 17 exits, even as three of its portfolio companies got listed during this period. The China-focussed VC firm further said that the 15 companies it had backed had achieved valuation of $1 billion or more last year, taking the total number of unicorns in portfolio to 26.

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