Hony Capital

Hony Capital (Beijing) Co., Ltd. is a prominent private equity and venture capital firm established in 2003 and headquartered in Beijing, China, with additional offices in Shanghai, Shenzhen, and Hong Kong. The firm specializes in pre-IPO, growth capital, buyouts, and the commercialization of state-owned enterprises. Hony Capital focuses on state-owned enterprise restructuring, private enterprise growth, and cross-border mergers and acquisitions, investing primarily in sectors such as pharmaceuticals, healthcare, consumer goods, media, technology, construction materials, and alternative energy. The firm manages over USD 6.8 billion across multiple funds and has partnered with over 60 companies, adhering to a “value creation” philosophy aimed at building sustainable leaders in their respective industries. Hony Capital seeks opportunities in digital-driven consumer brands and real estate, focusing on both commercial and cultural land. As a subsidiary of Legend Holdings, Hony Capital combines local insights with global resources to formulate investment strategies tailored to the Chinese market.

Xiaobin Bao

Managing Director

Cindy Chen

Managing Director

Tracy Cui

MD

Xihong Deng

Managing Director,Investor Relations and Fundraising

Zhonghua Fu

Director

Jiong Gu

Director

Owen Guo

Managing Director

Minglei Guo

Managing Director

Yi Huang

Managing Director

Eric Jia

MD

Sheng Lin

Managing Director

Wei Liu

Managing Director, Real Estate Fund Sector

Changyu Sun

Managing Director

Yonghong Sun

Managing Director

Terry Tam

Chief Financial Officer, Head of Finance Department and Managing Director

Linda Wang

Managing Director

Bruce Wang

Managing Director

Xiaoan Wei

Director

Mason Xu

Managing Director

Bing Yuan

Managing Director

Linghuan Zhao

Co-Founder, CEO, MD, President and Chairman

John H. Zhao

Chairman

54 past transactions

Starna Therapeutics

Series A in 2022
Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields.

RootPath Genomics

Series B in 2021
RootPath Genomics, Inc., a biotechnology company, develops T-cell therapy platform that bridges precision medicine and cancer immunotherapy. It focuses on the analysis and manipulation of single immune cells to enable immune and cell-therapy. RootPath Genomics, Inc. was founded in 2017 and is headquartered in Cambridge, Massachusetts.

Seesaw Coffee

Series A in 2021
Shanghai Seesaw Coffee Company Limited owns and manages coffee shops and sells specialty coffee and coffee related products. The company was founded in 2012 and is based in China.

Seesaw Coffee

Series A in 2021
Shanghai Seesaw Coffee Company Limited owns and manages coffee shops and sells specialty coffee and coffee related products. The company was founded in 2012 and is based in China.

Jijia ERP

Series A in 2021
Developer of an ERP SaaS platform designed for cross-border e-commerce corporates. The company's ERP platform helps users with business activities management, enabling users to build an efficient data-driven operation system and improve work efficiency.

StarPony

Seed Round in 2021
StarPony, founded in August 2020, specializes in the design and sale of children's toy products, particularly focusing on innovative steam toys. The company aims to offer engaging and educational play experiences for children. Its business operations encompass both domestic and cross-border e-commerce, allowing it to reach a global audience. By integrating hardware and software elements into its product offerings, StarPony seeks to combine fun with learning, catering to the evolving interests of young consumers.

Dingdong Maicai

Series D in 2021
Dingdong Maicai is a rapidly growing online retail platform based in Shanghai, China, specializing in the sale of fresh produce and daily necessities. Founded in 2014, the company leverages a big data-driven approach to optimize its operations and improve customer experience. By utilizing self-developed data models and historical sales data, Dingdong Maicai predicts future orders, which helps reduce waste and ensure product availability. The platform offers a wide range of products, including fresh vegetables, seafood, meat, fruits, and organic items. Customers can conveniently shop through the Dingdong Fresh app and mini-programs, which facilitate direct delivery to households. The company generates revenue primarily through the sale of these fresh groceries and membership services, establishing itself as a key player in the community-based e-commerce sector in China.

EpimAb Biotherapeutics

Series C in 2021
EpimAb Biotherapeutics, Inc operates as a biopharmaceutical research and development company develops novel bispecific antibody therapeutics for immuno-oncology and other areas of patients. Its Fabs-In-Tandem Immunoglobulin (FIT-Ig) platform generates bispecific molecules with antibody-like properties. The company is based in Shanghai, China.

Houmo.AI

Seed Round in 2021
Houmo.AI is a semiconductor company that develops an integrated circuit storage technology for AI computing. The company aims to use disruptive technologies to create AI chips with a "ten-fold effect", to meet the huge computing power demand in the era of true artificial intelligence, and to use unlimited computing power to change the world. Houmo.AI was founded by Dr. Wu Qiang in 2020.

Fenbi

Series A in 2021
Fenbi Wang provides vocational education examination services.

Nourse

Series B in 2020
Nourse produces special dietary supplements for dogs and cats

Eros Now

Post in 2020
Eros STX Global Corporation is a prominent entertainment company specializing in the production, acquisition, and distribution of Indian language films and digital content worldwide. The company operates through various distribution channels, including theatrical releases, television syndication, and digital platforms, notably its subscription-based streaming service, Eros Now. Eros Now offers a vast library of content, featuring over 12,000 films in Hindi and regional languages, along with original series and music videos. As of March 2020, the platform boasted 196.8 million registered users and 29.3 million paying subscribers. Eros STX also collaborates with major telecommunications and technology companies for content distribution and has established partnerships for launching its services across various platforms, including Amazon Fire TV and Apple TV. Formed through the merger of Eros International and STX Entertainment in 2020, the company has solidified its presence in key global markets, providing star-driven content that resonates with diverse audiences.

Xinhua Xuanmen

Private Equity Round in 2019
Xinhua Xuanmen is a mobile platform

Meishubao

Series C in 2019
美术宝1对1致力于为每个家庭提供个性化定制的美育课程,主要面向4 -12岁适龄儿童,采用1对1真人在线互动教学形式,利用iPad或电脑等移动终端,随时随地的提供少儿艺术培养专属课程,自主研发的美术教学“Art Class”跨平台在线互动课堂系统,实现在线美术教学的多场景应用,让用户足不出户就能随时接受来自央美、清华、国美等数万名师的专业辅导。

STX Entertainment

Private Equity Round in 2019
STX Entertainment is a global media company headquartered in Burbank, California, focused on producing, marketing, and distributing content across various platforms, including traditional and digital media. The company specializes in films, scripted and unscripted television programming, and digital content, and has developed a subscription-based OTT platform called Eros Now. Co-founded by Robert Simonds and Bill McGlashan, STX Entertainment is recognized for its innovative approach to the entertainment industry, emphasizing talent-driven enterprises rather than traditional content distribution models. The company has established strategic partnerships with major investors and firms, positioning itself to effectively reach global audiences, particularly in the Chinese market.

WeWork

Series B in 2018
WeWork, known as The We Company, is a commercial real estate firm that specializes in providing flexible workspaces and office services primarily for entrepreneurs and technology startups. Founded in 2010 and headquartered in New York, the company transforms buildings into dynamic environments that foster creativity, collaboration, and productivity. Its offerings include a variety of workplace solutions such as private offices, shared workspaces, and on-demand access to workstations, catering to diverse member needs. In addition to physical spaces, WeWork provides a range of services through partnerships, enabling members to work, live, and grow. The company also operates WeWork Labs, which supports early-stage startups by providing community and programming to aid their development. With a focus on inclusivity and community, WeWork aims to create an environment where members can thrive and innovate together.

Qianqiu old culture

Series B in 2018
Qianqiu old culture is a variety show production and post-service provider.

I-Mab HK

Series C in 2018
I-Mab HK develops drugs to treat diabetes, cancer, and autoimmune diseases. The company develops preclinical compounds, including GX-P2; a long-acting PD-L1 drug for the treatment of inflammatory bowel diseases and GX-G8; a long-acting GLP-2 drug for the treatment of chemotherapy-induced diarrhea and short bowel syndrome. The company was formerly known as Tianzhenshi Biotechnology Company and changed its name to I-Mab HK in March 2017. The company is headquartered in Tianjin, China.

I-Mab HK

Series C in 2018
I-Mab HK develops drugs to treat diabetes, cancer, and autoimmune diseases. The company develops preclinical compounds, including GX-P2; a long-acting PD-L1 drug for the treatment of inflammatory bowel diseases and GX-G8; a long-acting GLP-2 drug for the treatment of chemotherapy-induced diarrhea and short bowel syndrome. The company was formerly known as Tianzhenshi Biotechnology Company and changed its name to I-Mab HK in March 2017. The company is headquartered in Tianjin, China.

Linmon Pictures

Series C in 2018
Linmon Pictures is a boutique entertainment studio. Linmon Pictures is an independent creator, producer, and distributor of entertainment content.

Xinyisoft

Corporate Round in 2017
Xinyisoft is a Chinese catering management software service provider. Its Software-as-a-Platform solutions can help catering enterprises simplify the cashier process, more efficiently manage user data, human resource information, and supply chain.

Mr&Mrs Italy

Funding Round in 2017
Mr & Mrs Italy specializes in the design and retail of high-end utilitarian outerwear for men and women, with a strong emphasis on the iconic parka. Originally developed for the American infantry in the 1950s, the parka has been reimagined by Mr & Mrs Italy, incorporating exclusive furs while preserving its original features and comfort. The company's vintage-inspired collection also includes a variety of coats, jackets, bombers, topwear, pants, dresses, bags, and collars, all reflecting a distinct Italian flair. Mr & Mrs Italy has gained international recognition for its unique approach to classic garments, making them cherished items in wardrobes around the world.

Yasten

Series B in 2017
Yasten provides high-quality fashion makeup products.

WeWork

Series G in 2017
WeWork, known as The We Company, is a commercial real estate firm that specializes in providing flexible workspaces and office services primarily for entrepreneurs and technology startups. Founded in 2010 and headquartered in New York, the company transforms buildings into dynamic environments that foster creativity, collaboration, and productivity. Its offerings include a variety of workplace solutions such as private offices, shared workspaces, and on-demand access to workstations, catering to diverse member needs. In addition to physical spaces, WeWork provides a range of services through partnerships, enabling members to work, live, and grow. The company also operates WeWork Labs, which supports early-stage startups by providing community and programming to aid their development. With a focus on inclusivity and community, WeWork aims to create an environment where members can thrive and innovate together.

Vuclip

Venture Round in 2017
PCCW Vuclip (Singapore) Pte Ltd operates a technology driven media company delivering on-demand entertainment services. It also offer Viu, an on demand video platform that offers video content in multiple languages for consumers. PCCW Vuclip (Singapore) Pte Ltd was founded in 2008 and is based in Singapore.

WeWork

Series A in 2017
WeWork, known as The We Company, is a commercial real estate firm that specializes in providing flexible workspaces and office services primarily for entrepreneurs and technology startups. Founded in 2010 and headquartered in New York, the company transforms buildings into dynamic environments that foster creativity, collaboration, and productivity. Its offerings include a variety of workplace solutions such as private offices, shared workspaces, and on-demand access to workstations, catering to diverse member needs. In addition to physical spaces, WeWork provides a range of services through partnerships, enabling members to work, live, and grow. The company also operates WeWork Labs, which supports early-stage startups by providing community and programming to aid their development. With a focus on inclusivity and community, WeWork aims to create an environment where members can thrive and innovate together.

ofo

Series E in 2017
Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides. The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Its bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access. But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

Seesaw Coffee

Series A in 2017
Shanghai Seesaw Coffee Company Limited owns and manages coffee shops and sells specialty coffee and coffee related products. The company was founded in 2012 and is based in China.

Qianqiu old culture

Series A in 2017
Qianqiu old culture is a variety show production and post-service provider.

Xishaoye Roujiamo

Venture Round in 2016
Xishaoye Roujiamo has a simple menu, it was able to achieve single store revenues of RMB6,800 per square meter daily, according to Chinese media reports.

WeWork

Series F in 2016
WeWork, known as The We Company, is a commercial real estate firm that specializes in providing flexible workspaces and office services primarily for entrepreneurs and technology startups. Founded in 2010 and headquartered in New York, the company transforms buildings into dynamic environments that foster creativity, collaboration, and productivity. Its offerings include a variety of workplace solutions such as private offices, shared workspaces, and on-demand access to workstations, catering to diverse member needs. In addition to physical spaces, WeWork provides a range of services through partnerships, enabling members to work, live, and grow. The company also operates WeWork Labs, which supports early-stage startups by providing community and programming to aid their development. With a focus on inclusivity and community, WeWork aims to create an environment where members can thrive and innovate together.

Deem

Venture Round in 2016
Deem, Inc. is a technology platform based in San Francisco that specializes in solutions for the business travel industry, offering a range of applications for travel, car service, and expense management. Founded in 1999, Deem provides Commerce-as-a-Service (CaaS) to businesses, enabling them to streamline travel bookings and manage expenses efficiently. Its integrated cloud suite allows corporations to control costs, as employees can easily book flights, hotels, and ground transportation, while keeping spending within policy. Additionally, Deem facilitates merchants in promoting their products and services through various consumer engagement strategies, enhancing customer loyalty and broadening market reach. As of January 2019, Deem operates as a subsidiary of Enterprise Holdings, Inc.

Ningmeng Pictures

Series B in 2016
Ningmeng Pictures is a boutique studio firm that is focused on the television program, film, and video show production. Ningmeng Pictures was founded by Su Xiao in August 2014.

Linmon Pictures

Series B in 2016
Linmon Pictures is a boutique entertainment studio. Linmon Pictures is an independent creator, producer, and distributor of entertainment content.

Tuniu

Post in 2015
Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers. It also provides car rental and insurance services, as well as advertising services to tourism boards and bureaus. The company offers its products and services through various online and offline channels comprising the tuniu.com website; mobile platform; a primary call center in Nanjing; a regional call center in Suqian; and other offline retail stores in China. Tuniu Corporation was founded in 2006 and is headquartered in Nanjing, China.

Tuniu

Post in 2014
Tuniu Corporation operates as an online leisure travel company. The company offers a selection of packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets selling, visa application services, accommodation reservation, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers. It also provides car rental and insurance services, as well as advertising services to tourism boards and bureaus. The company offers its products and services through various online and offline channels comprising the tuniu.com website; mobile platform; a primary call center in Nanjing; a regional call center in Suqian; and other offline retail stores in China. Tuniu Corporation was founded in 2006 and is headquartered in Nanjing, China.

XIKANG

Series A in 2014
Neusoft Xikang Healthcare Technology Co., Ltd. provides cloud-based medical and healthcare management services. The company is based in Beijing, China.

Deem

Venture Round in 2014
Deem, Inc. is a technology platform based in San Francisco that specializes in solutions for the business travel industry, offering a range of applications for travel, car service, and expense management. Founded in 1999, Deem provides Commerce-as-a-Service (CaaS) to businesses, enabling them to streamline travel bookings and manage expenses efficiently. Its integrated cloud suite allows corporations to control costs, as employees can easily book flights, hotels, and ground transportation, while keeping spending within policy. Additionally, Deem facilitates merchants in promoting their products and services through various consumer engagement strategies, enhancing customer loyalty and broadening market reach. As of January 2019, Deem operates as a subsidiary of Enterprise Holdings, Inc.

PizzaExpress

Acquisition in 2014
PizzaExpress is a restaurant group that operates over 400 locations in the United Kingdom and an additional 40 restaurants across Europe, Hong Kong, India, and the Middle East. The chain specializes in handcrafted pizzas offered in various styles, complemented by a selection of snacks, beverages, and other food items. PizzaExpress aims to provide consumers with a fun and lively dining atmosphere, appealing to a diverse clientele in the fast food industry.

STX Entertainment

Venture Round in 2014
STX Entertainment is a global media company headquartered in Burbank, California, focused on producing, marketing, and distributing content across various platforms, including traditional and digital media. The company specializes in films, scripted and unscripted television programming, and digital content, and has developed a subscription-based OTT platform called Eros Now. Co-founded by Robert Simonds and Bill McGlashan, STX Entertainment is recognized for its innovative approach to the entertainment industry, emphasizing talent-driven enterprises rather than traditional content distribution models. The company has established strategic partnerships with major investors and firms, positioning itself to effectively reach global audiences, particularly in the Chinese market.

PPTV

Private Equity Round in 2013
PPTV is a Chinese online video network technology platform that offers TV shows, news, and other content for entertainment.

Sundan

Angel Round in 2011
Shenzhen Sundan Co., Ltd. operates retail chain stores in China offering electrical appliances, audio/video equipment, digital products, and household items. The company was founded in 1992 and is based in Shenzhen, China.

Mango Excellent Media

Series A in 2010
Golden Eagle Broadcasting System and Hunan TV are the owners of Happigo.com (快乐购), an e-commerce website with the integration of selected products from various brands. In March 2006, it was opened and operated by Hunan Happigo Co.,Ltd, which was a joint venture. Happigo.com has thousands of daily shoppers and 5 million who views the site each month. It covers 64 regional markets and more than 40 million households, whose membership exceeds 3 million. Its total revenue in 2009 surpassed 2 billion.
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