IDG Capital Dropped From Pentagon’s China List

IDG Capital, a venture firm with offices in Beijing and the US, has been removed from a Pentagon list of companies with ties to the Chinese military, according to the US Department of Defense.

“We welcome this important correction and clarification,” the firm said in a statement. “IDG Capital is an international investment firm with origins in the US and investments in China and other parts of the world. We remain focused on our mission to generate superior returns for our investors and to be a responsible global family of funds.”

The list, which was updated to include IDG in January, ...