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☕️Why is edgeX & Circle (CRCL) a US-China joint venture possible? Looking at the shareholder ownership of Circle (CRCL), IDG affiliates are the largest shareholder, with a 12.57% stake. 🖋IDG Affiliate Overview The Godfather of Chinese Venture Investment China's First VC Fund Focusing on Boston and Hong Kong - Recorded over 600 exits through IPOs and M&As Web 2.0 Investment List Early-Early Investor in Tencent (WeChat), Baidu, and Xiaomi Web 3.0 Investment List Dominating Crypto Infrastructure with Investments in Coinbase, Ripple, KuCoin, etc. IDG was one of the first institutional VCs to recognize the potential of the crypto market. Coinbase: Participated in the 2013 seed round (early investment). Ripple: Early investor. Circle: Led Series C and D rounds. (Also involved in Circle's acquisition of Poloniex) KuCoin, Bitmain: Invested in exchanges and mining infrastructure.

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