IDG China Venture Capital Fund IV Associates L.P.
HONG KONG, K3
$147m in 4 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 3.1% of the portfolio this quarter.
Value
$147m
Stocks
4
Top 10 share
100.0%
Turnover
3.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- PDD HoldingsPDD78.4% of the fund-13%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- PDD HoldingsPDD
- Share
- 78.4%
- Value
- $115m
- Shares
- 1,513,394
-13%
- Pony AIPONY
- Share
- 18.8%
- Value
- $28m
- Shares
- 3,989,250
Held
- Lightinthebox HldgLITB
- Share
- 1.8%
- Value
- $3m
- Shares
- 898,969
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PDD HoldingsPDD | 78.4% | $115m | 1,513,394 | -13% |
| Pony AIPONY | 18.8% | $28m | 3,989,250 | Held |
| Lightinthebox HldgLITB | 1.8% | $3m | 898,969 | Held |
| Bitdeer Technologies GroupBTDR | 1.0% | $1m | 91,308 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 63.9% since 30 June 2025.
Where the money is
Financial services1.0%
Other99.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.