Hillhouse Investment Group

Hillhouse Investment Group, founded in 2005 and headquartered in Hong Kong, is a private equity firm that specializes in a wide range of investments, from seed funding to buyouts and listed equities. The firm primarily focuses on opportunities in Asia but also selectively invests in North America and Europe. Hillhouse’s investment strategy is stage-agnostic, allowing it to invest in companies at various stages of growth, from startups to established public entities. Its portfolio spans several sectors, including consumer, technology, media, telecommunications, healthcare, energy transition, and advanced manufacturing. In healthcare, Hillhouse emphasizes biotechnology, medical devices, and pharmaceuticals. The firm is recognized for its commitment to independent research and employs sector experts to guide its investment decisions, aiming for long-term results rather than short-term gains.

David Rhee

Partner

Michael Yi

Partner

Past deals in Series G

Yuanfudao

Series G in 2020
Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and large pool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.

Yuanfudao

Series G in 2020
Founded in 2012, Yuanfudao is the largest online live courseplatform servicing primary and secondary school students in China. With a paying userbase of over 1 million, Yuanfudao offers a comprehensive curriculum spanning fromprimary school English, Mathematical Olympiad to all-subject courses in secondaryschool. Its unique online feature and large pool of quality teachers enable students toaccess live online tutoring at home taught by national renowned teachers, benefitinghundreds of thousands of students across the country.

Woowa Bros

Series G in 2018
WOOWA BROS (우아한형제들) is a Korean developer of smartphone applications and advertising platforms. Its service portfolio also includes local marketing and web services solutions and products, such as a sports events app and a food delivery app. WOOWA BROS was established in March 2011 in Seoul, Korea.

iQIYI

Series G in 2017
iQIYI, Inc. is a leading online entertainment provider in China, offering a diverse range of services including internet video, online games, live broadcasting, online literature, animations, and e-commerce. The platform features a vast library of licensed and self-produced video content, catering to the preferences of its users. Additionally, iQIYI provides membership options, content distribution, and online advertising services. The company operates various subsidiaries, including iQIYI Mall, which focuses on entertainment-related merchandise, and iQIYI Show, a live broadcasting service that connects users with popular hosts and celebrities. iQIYI Paopao serves as an entertainment-based social media platform, while the company also engages in talent agency and intellectual property licensing. Founded in 2009 and headquartered in Beijing, iQIYI was formerly known as Qiyi.com and rebranded in 2011. The company is a subsidiary of Baidu Holdings Limited and continues to compete with other major platforms in the industry.
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