IDG Capital hunts for new retail investment companies

Leading venture capital firm IDG Capital said it is actively seeking out investments in new retail, brands and services companies which are benefiting from the transformation of the consumer market.

"The Chinese consumer market is having an unprecedented revolution," said Yan Yisheng, a partner of IDG Capital.

Yan said the growth of China's e-commerce market was slowing down and there were fewer opportunities online. Instead, she said, offline retail was recovering.