Hillhouse Investment

Hillhouse Investment Management, Ltd. is a private equity firm founded in 2005 by Zhang Lei, with a focus on long-term investments across various stages, from seed funding to buyouts and public equities. The firm operates globally, emphasizing opportunities in Asia, and invests primarily in sectors such as consumer goods, technology, media, telecommunications, healthcare, and advanced manufacturing. In the healthcare space, Hillhouse particularly targets biotechnology, medical devices, and pharmaceuticals. Its investment strategy is characterized by a stage-agnostic approach, allowing for continued investment in companies as they progress from startups to established public entities. Hillhouse is headquartered in Central, Hong Kong, with additional offices in Beijing and New York, and operates as a subsidiary of Hillhouse Capital Group Limited.

Zhang Lei

Founder and Chief Executive Officer

Hong Liang

Partner

Jonathan Lui

Senior Associate, Investor Relations

Katie Lyndon

Executive Director, Investor Relations

Past deals in China

Deep View Technology

Series B in 2022
Beijing Deep View Technology Co., Ltd. engaged in research on 3D computer vision algorithm. The company is based in Beijing, China.

Horizon Robotics

Series C in 2020
Beijing Horizon Robotics Technology Co., Ltd. develops chips for robots. The company was founded in 2015 and is based in China.
Hemu (China) Biological Engineering is a Chinese blood vessel intervention medical equipment firm.

Pinduoduo

Post in 2020
Pinduoduo Inc. operates an e-commerce platform based in Shanghai, China, which facilitates group buying deals primarily through the WeChat app. Founded in 2015, Pinduoduo offers a wide variety of products, including apparel, footwear, bags, mother and childcare items, food and beverages, fresh produce, electronics, furniture, cosmetics, and sports equipment. The platform emphasizes social interaction in shopping, allowing users to collaborate on purchases to secure better deals. Since its inception, Pinduoduo has positioned itself as a major player in the competitive Chinese e-commerce landscape.

CCC Information Services China

Series A in 2020
CCC Information Services China is a high-tech company specializing in the financial technology and automotive aftermarket sectors.

Horizon Robotics

Series B in 2019
Beijing Horizon Robotics Technology Co., Ltd. develops chips for robots. The company was founded in 2015 and is based in China.

Songshu Pinpin

Series B in 2019
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Songshu Pinpin

Series A in 2018
Songshupinpin.com operates an e-commerce platform for community group buying. The community was founded in 2016 and is based in Beijing, China.

Xuanyu Tech

Series A in 2018
Shenzhen Xuanyu Technology Co., Ltd. is an artificial intelligence company based in Shenzhen, China.

Interhouse.cn

Series A in 2018
Beijing Interhouse Technology Co., Ltd. is a private company specializing in online-to-offline home improvement operations. Based in Beijing, China, the firm provides Building Information Modeling (BIM) solutions tailored for home improvement enterprises. Through its innovative approach, Interhouse.cn connects digital resources with physical services to enhance the efficiency and quality of home improvement projects.

Mafengwo

Series D in 2017
Beijing Mafengwo Network Technology Co.,Ltd. operates a platform that offers information on travel destinations in China and internationally. The company offers destination travel strategy booklets and road booklets, as well as other content, such as local travel, accommodation, entertainment, and other aspects of travel information. It also enables users to exchange information and share travel, as well as raiders, food, music, photography diary, and others; and manage groups to create their own destination. The company was founded in 2006 and is based in Beijing, China.

Horizon Robotics

Series A in 2017
Beijing Horizon Robotics Technology Co., Ltd. develops chips for robots. The company was founded in 2015 and is based in China.

Zhihui Xingguang

Series A in 2016
Beijing Zhihui Xingguang Information Technology Co., Ltd. was founded in 2012 and is based in China.

PUPPY TOWN ANIMAL HOSPITAL

Angel Round in 2016
Beijing Puppy Town Animal Hospital Co., Ltd. is an animal hospital company founded in 1999 and is based in China.

Horizon Robotics

Seed Round in 2015
Beijing Horizon Robotics Technology Co., Ltd. develops chips for robots. The company was founded in 2015 and is based in China.

Mafengwo

Series C in 2015
Beijing Mafengwo Network Technology Co.,Ltd. operates a platform that offers information on travel destinations in China and internationally. The company offers destination travel strategy booklets and road booklets, as well as other content, such as local travel, accommodation, entertainment, and other aspects of travel information. It also enables users to exchange information and share travel, as well as raiders, food, music, photography diary, and others; and manage groups to create their own destination. The company was founded in 2006 and is based in Beijing, China.

Light Chaser Animation

Series B in 2014
Light Chaser Animation Studios, founded in March 2013 and based in Beijing, China, specializes in the production of animated films infused with Chinese cultural elements. Established by Gary Wang, the former CEO of Tudou.com, the studio aims to create world-class animated features by combining artistic innovation with strong business management. The team at Light Chaser Animation is composed of talented professionals from both China and abroad, fostering a collaborative environment that emphasizes artistic and technical excellence. By aligning its productions with contemporary audience trends, the studio seeks to engage and entertain a broad range of viewers.

Light Chaser Animation

Series A in 2013
Light Chaser Animation Studios, founded in March 2013 and based in Beijing, China, specializes in the production of animated films infused with Chinese cultural elements. Established by Gary Wang, the former CEO of Tudou.com, the studio aims to create world-class animated features by combining artistic innovation with strong business management. The team at Light Chaser Animation is composed of talented professionals from both China and abroad, fostering a collaborative environment that emphasizes artistic and technical excellence. By aligning its productions with contemporary audience trends, the studio seeks to engage and entertain a broad range of viewers.

Qunar.com

Venture Round in 2013
Qunar Cayman Islands Limited operates an online travel commerce platform in the People’s Republic of China. The company through its platform provides a range of travel products comprising flight tickets, hotels, vacation packages, and attraction tickets, as well as display advertising, train tickets, car services, tour guides, and other services. Its customers include flight travel service providers, airlines, independent hotels, online travel agencies, insurance service providers, and others. The company was founded in 2005 and is headquartered in Beijing, the People’s Republic of China.