IDG Capital

Stories

PhotonPay raises $40M to link stablecoin and fiat payment rails

Led the January 2026 Series B; returned for the Series C.

PhotonPay raised $40 million to connect stablecoin balances to the bank accounts, local payment systems and cards companies already use. Blockchain Capital led the round, and SBI Group joined as a new investor.

Updated Oct 30

XPeng robotics unit raises $900 million at $6.3 billion valuation

Money Moves

As of August 2026: Lead investor in XPeng robotics round

XPeng's robotics business has raised over $900 million at a valuation above $6.3 billion, the largest single-round private financing in China's embodied AI industry. IDG Capital led the round, with Tencent and Alibaba joining as strategic investors.

Updated Aug 25