21特写｜90后刘靖康科创板敲钟，市值700亿：IDG资本陪跑10年

Core Insights - IDG Capital's long-term investment strategy in young entrepreneurs, particularly in the 90s generation, has yielded significant returns, exemplified by the successful IPO of Insta360 led by Liu Jingkang, a self-made entrepreneur [1][10] - The company has demonstrated remarkable growth, with revenue increasing from 8.5 billion yuan in 2020 to projected 55.74 billion yuan in 2024, alongside net profits rising from 4.07 billion yuan to 9.95 billion yuan in the same period [7][8] Company Development - Liu Jingkang, recognized for his technical prowess, began his entrepreneurial journey while still in university, leading to the establishment of Insta360 in 2015 after pivoting from software to hardware with VR technology [4][6] - The company has successfully launched several innovative products, including the Nano 360-degree camera, which gained popularity during the 2016 "Two Sessions" in China, and has since expanded its product line to include action cameras [6][8] Investment Strategy - IDG Capital's investment approach focuses on supporting young entrepreneurs, emphasizing the importance of human capital and long-term commitment rather than immediate financial returns [1][10] - The firm has provided extensive post-investment support to Insta360, including talent acquisition, strategic advice, and capital market exploration, which has contributed to the company's sustained growth [7][9] Market Potential - The imaging sector in China is poised for continuous innovation, leveraging existing technological foundations and talent pools, with Insta360's diverse product matrix indicating strong future growth potential [8][9] - The company aims to deepen its innovation in hardware and software, capitalizing on its competitive advantages and expanding its market presence [9][10]