Hony Capital

Hony Capital, founded in 2003 and sponsored by Legend Holdings, is a prominent private equity firm in China, known for pioneering local investment strategies. With over USD 6.8 billion in assets under management across seven funds, Hony focuses on buyouts and the commercialization of state-owned enterprises, while also providing growth capital to high-potential private companies. The firm adheres to a "value creation" philosophy, collaborating with managers and entrepreneurs to foster sustainable business growth. Hony Capital specializes in various sectors, including pharmaceuticals, healthcare, consumer retail, media, financial services, construction materials, machinery, and alternative energy. Its expertise extends to state-owned enterprise restructuring and cross-border mergers and acquisitions, positioning Hony as a key player in the Chinese private equity landscape. The firm operates from its headquarters in Beijing, with additional offices in Shanghai, Shenzhen, and Hong Kong.

Tracy Cui

MD

Zhonghua Fu

Director

Jiong Gu

Director

Minglei Guo

Managing Director

Eric Jia

MD

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

88 past transactions

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.

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.

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.

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.

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.

Santos

Merger/Acquisition in 2017
Santos is one of the leading independent oil and gas producers in the Asia-Pacific region, supplying the energy needs of homes, businesses and major industries across Australia and Asia. With its origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure and is committed to supplying the domestic markets, unlocking resources and driving value and performance. Underpinned by a portfolio of high-quality liquefied natural gas (LNG), pipeline gas and oil assets, Santos seeks to deliver long-term value to shareholders. Santos’ foundations are based on safe, sustainable operations and working together with our shareholders, host communities, governments and business partners. Founded in 1954, Santos has been active in the energy business for more than 60 years. Its name was an acronym for South Australia Northern Territory Oil Search. Santos made its first significant discovery of natural gas in the Cooper Basin with the Gidgealpa 2 well in 1963. The Moomba 1 discovery in 1966 confirmed this region as a major petroleum province. As a result of these discoveries, Santos had a commercially viable quantity of gas and entered into gas sales agreements with the South Australian Gas Company, the Electricity Trust of South Australia and the Australian Gas Light Company. Gas supplies commenced in 1969.

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.

Qianqiu old culture

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

Deem

Venture Round in 2014
Deem is a technology platform for the business travel industry focusing on travel, car service, and expense solutions. Its mission is to make business travel less complicated for travelers, less costly for employers, and more profitable for service providers. Using its industry-leading software solutions, employees book travel and car service and report those expenses faster and more easily than ever before. Corporations control costs more effectively. Travel management companies deliver more engaging customer experiences. Car service operators benefit from new efficiencies and widen their customer reach. The company was founded in 1999 and headquartered in San Francisco, California.

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.

Eros Now

Post in 2020
Eros International has been a leading Indian Bollywood film producer and distributor throughout the world. It also offers an sVOD Bollywood video streaming service, Eros Now. The company recently launched the Eros Now platform in Malaysia in partnership with Maxi Berhad and U Mobile and has launched the video streaming platform on Amazon Fire TV across the US, UK and Western Europe as well as on Apple TV. In India, Eros Now has tied up with Reliance Jio, Ortel Communications, Airtel, Idea and WeChat among others for content distribution. It had also inked a content acquisition deal with Pakistan’s Hum TV.
Beijing micro - easy Technology Co.,Ltd. operates a platform that provides one-stop social media delivery services. The company’s platform offers pre-investment social public opinion analysis and launch strategy formulation; investment one-stop cross-platform KOL procurement and short video native content marketing; and post-investment analysis and optimization services to achieve growth in brand marketing. It serves customers in beauty cosmetics, food and drink, game animation, e-commerce, underwear apparel, 3C digital, IT internet, shoes, and online education. The company was founded in 2009 and is based in Beijing, China.

I-Mab HK

Private Placement 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.

Xinhua Xuanmen

Private Equity Round in 2019
Xinhua Xuanmen is a mobile platform

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.
Beijing Yiqi Network Technology Co., Ltd. develops and operates an art education platform. It offers art students learning exchange software and theory exams. The company is based in Beijing, China.

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.

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.

STX Entertainment

Private Placement in 2020
Eros STX Global Corporation produces, markets, and distributes content to audiences around the world across traditional and digital media platforms. The company produces and distributes films, scripted and unscripted TV programming, and digital content across a variety of platforms. It also offers Eros Now, a subscription based OTT platform. Eros STX Global Corporation is headquartered in Burbank, California.

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。

Perfect Diary

Venture Round in 2020
Perfect Diary is an e-commerce-based cosmetic brand. The company is committed to exploring the trends in international cosmetics and the frontiers of fashion to provide easy-to-use cosmetics products for young Asian women.Perfect Diary is professional in branding and online traffic management. By launching co-branded cosmetic products with KOLs, idols and even some famous organizations like the British Museum

Advaccine

Private Equity Round in 2021
Beijing Advaccine Biotechnology Co., Ltd. engages in discovery of new vaccines, both preventive and therapeutic. The company product pipeline consists respiratory syncytial virus (RSV) vaccine, type1 diabetes( T1D) therapeutic vaccine, and hepatitis B virus (HBV) therapeutic vaccine. Its vaccines help in inducing immuno-tolerance and T-cell stimulation for certain diseases. The company is based in Beijing, China.

Biosensors

Post in 2010
The Biosensors International group of companies develop, manufacture and market innovative medical devices for interventional cardiology and critical care procedures. Our aim is to improve patients' lives through pioneering medical technology that pushes forward the boundaries of innovation.

Simcere Pharma

Private Equity Round in 2005
Founded on 28th March 1995, Simcere swiftly evolved from being a pure distributor of pharmaceutical products to become a leading manufacturer and supplier of drugs in China's rapidly growing pharmaceutical market. Simcere currently operates five GMP-certified manufacturing facilities, two nationwide sales and marketing subsidiaries, a research and development center and manages over 4,000 employees. They are the first Chinese chemical and biological drug company to list on the New York Stock Exchange with IPO proceeds reaching US$ 261 million.

Capital Heat

Venture Round in 2020
Capital Heat engages in providing energy management solutions.

Zoomlion

Post in 2006
Zoomlion Heavy Industry Science & Technology Co., Ltd. is mainly engaged in developing and manufacturing major high-tech equipment in the areas of engineering industry, agricultural industry, and environmental industry.

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.

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.

Dingdong Maicai

Series D in 2021
Dingdong Maicai is a fresh vegetable e-commerce platform, adopting a big data-driven approach, predicting future orders through self-developed data models and multi-dimensional predictions based on historical sales data to reduce the slow-loss loss rate; the varieties are mainly concentrated in vegetables and fresh water. Fish, shrimp, fruit and some organic products,

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.

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.

WeWork China

Private Placement in 2018
WeWork China provides space, community, and services through both physical and virtual offerings for small businesses and large companies across China. WeWork China was founded in 2010 and is based in Shanghai, China and additional offices in Shanghai and Beijing, China. WeWork China operates as a subsidiary of The We Company.

Chowsing Live

Private Placement in 2020
Chowsing Live retails online pet products and accessories. It offers pet jumbo wipes, cat collars with bell, and flushable cat litters. The company sells its products online. Chowsing Live is based in Shanghai, China.

Nourse

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

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.

STX Entertainment

Private Placement in 2019
Eros STX Global Corporation produces, markets, and distributes content to audiences around the world across traditional and digital media platforms. The company produces and distributes films, scripted and unscripted TV programming, and digital content across a variety of platforms. It also offers Eros Now, a subscription based OTT platform. Eros STX Global Corporation is headquartered in Burbank, California.

StarPony

Seed Round in 2021
StarPony was established in August 2020, focusing on children's toy products. The company's business covers innovative design and sales coverage of new children's products (hardware and software) in the world, domestic E-commerce, cross-border e-commerce.

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.

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.

Better Education Group Corporation

Merger/Acquisition in 2018
Better Education Group Corporation through its subsidiaries, owns and operates kindergartens. The company is based in Cayman Islands. Better Education Group Corporation operates as a subsidiary of Legend Holdings Corporation.

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.

Deem

Venture Round in 2016
Deem is a technology platform for the business travel industry focusing on travel, car service, and expense solutions. Its mission is to make business travel less complicated for travelers, less costly for employers, and more profitable for service providers. Using its industry-leading software solutions, employees book travel and car service and report those expenses faster and more easily than ever before. Corporations control costs more effectively. Travel management companies deliver more engaging customer experiences. Car service operators benefit from new efficiencies and widen their customer reach. The company was founded in 1999 and headquartered in San Francisco, California.

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.

Yasten

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

Simpcare.

Private Placement in 2020
Simpcare. is based in China.

Simpcare.

Private Placement in 2020
Simpcare. is based in China.

STX Entertainment

Private Equity Round in 2019
Eros STX Global Corporation produces, markets, and distributes content to audiences around the world across traditional and digital media platforms. The company produces and distributes films, scripted and unscripted TV programming, and digital content across a variety of platforms. It also offers Eros Now, a subscription based OTT platform. Eros STX Global Corporation is headquartered in Burbank, California.

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.

STX Entertainment

Venture Round in 2014
Eros STX Global Corporation produces, markets, and distributes content to audiences around the world across traditional and digital media platforms. The company produces and distributes films, scripted and unscripted TV programming, and digital content across a variety of platforms. It also offers Eros Now, a subscription based OTT platform. Eros STX Global Corporation is headquartered in Burbank, California.

Qianqiu old culture

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

Zhongli Yuhua

Private Placement in 2020
Zhongli Yuhua is based in China.

Jinjiang International

Private Equity Round in 2014
Shanghai Jin Jiang International Hotels (Group) Company Limited ("Jin Jiang Hotels") is a leading hotel group in China, principally engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics and travel agency, etc. Jin Jiang Hotels was successfully listed on the Main Board of the Hong Kong Stock Exchange in December 2006 under the stock code 2006.HK, thus becoming the first Hong Kong-listed stock which is solely engaged in hotel business in mainland China.
Xi'an Triangle Defense Co.,Ltd produces and sells airplane structure parts, engine discs, and large and medium-sized die forgings in China and internationally. It serves the aviation, aerospace, ships, weapons, and nuclear industries. The company is based in Xi'an, China.

CIMC

Post in 2012
China International Marine Containers (Group) Ltd. (CIMC) is a supplier of logistics and energy equipment, headquartered in Shenzhen of China. CIMC is dedicated to supplying high-quality and reliable equipment and services, including containers, vehicles, energy, chemical and food equipment, offshore, logistics services, airport facilities, etc. The prosperity of the businesses is supported by both CIMC Finance Co., Ltd. that provides professional capital management and by CIMC Financing Leasing Co., Ltd. that offers finance solutions. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC has over 300 member enterprises and 3 listed companies in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2014, 60,000 excellent staff delivered sales revenue of RMB 70.071 billion and net profits of RMB 2.478 billion. CIMC was founded in January 1980 as a joint venture invested by China Merchants Group and East Asiatic Company in Shenzhen and was initially managed by EAC executives. It came to be listed in SZSE in 1994 and listed in SEHK in December 2012. Currently, CIMC is a public A+H share listed company, whose main shareholders are China Merchants Group, China Ocean Shipping (Group) Company, Hony Capital, etc. Stimulated by the deep-seated international genes since its establishment, supported by the outstanding governance structure and propelled by the endless pursuit of technological innovation and management efficiency, CIMC has rapidly grown into a prominent company that stands the leading place in many global industries.

Viu

Venture Round in 2017
Viu is a video streaming subscription service. It is available in 16 markets including Hong Kong, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Myanmar in Asia, the Middle East countries of Bahrain, Egypt, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, the UAE, and the newly launched South Africa.

FibroGen

Post in 2017
FibroGen is a research-based biotechnology company using its expertise in connective tissue growth factor (CTGF) and hypoxia-inducible factor (HIF) biology to discover, develop, and commercialize novel therapeutics for serious unmet medical needs. The company applies its pioneering expertise in hypoxia-inducible factor (HIF), connective tissue growth factor (CTGF) biology, and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer. FibroGen's product Roxadustat is an oral small-molecule inhibitor of HIF prolyl hydroxylase activity in worldwide Phase 3 clinical development for the treatment of anemia in chronic kidney disease (CKD), with a New Drug Application currently under review in China by the State Drug Administration or SDA (formerly the China Food and Drug Administration).

Jushi

Post in 2007
China Jushi Co., Ltd. manufactures and sells fiberglass and its fabrics. The company offers a range of reinforcement fiberglass products, including E-glass and C-glass rovings, chopped strands, powder and emulsion chopped strand mats, and woven rovings. Its products have applications in building materials, infrastructure, electronic and electrical, chemical anti-corrosion, aerospace, transportation, energy saving and environmental protection, and sports and leisure sectors. China Jushi Co., Ltd. serves customers in approximately 80 countries and regions, including North America, the Middle East, Europe, the Southeast Asia, and Africa. The company was formerly known as China Fiberglass Co., Ltd. and changed its name to China Jushi Co., Ltd. in March 2015. China Jushi Co., Ltd. is headquartered in Tongxiang, China.

CVA Chip

Series B in 2023
Xihua has a multi-modal Sparrow architecture platform similar to CortexM. The research and planning projects based on the Sparrow platform include 3D face recognition vision chips, binocular vision chips, intelligent decoding Scaler chips, MCU+ perception/driver series chips, etc.

UNISOC

Venture Round in 2024
UNISOC is a leading fabless semiconductor company committed to the independent R&D of core chipsets in mobile communications and IoT. Its products cover mobile chipset platforms supporting 2G / 3G / 4G communication standards, RF chipsets, wireless connection chipsets, security chipsets, TV chipsets, and image sensor chipsets. With more than 4,500 staff, 14 R&D centers and 7 customer support centers around the world(as of Jan 2018), UNISOC has been the top 3 mobile baseband chipsets supplier in terms of global market share, and the largest pan-chip supplier in China

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.

Fenbi

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

LF Pegasus Limited

Merger/Acquisition in 2017
LF Pegasus Limited distributes furniture, beauty products, and sweaters. The company is based in British Virgin Islands.