Investments abroad · Family office · Singapore

Hill House Capital's investments in China

Hill House Capital, based in Singapore, has backed 59 startups in China in rounds we track, $14B between them, grouped by their main sector.

59startups backed
12sectors
$14Braised between them
Biotechbiggest sector

Hill House Capital's whole portfolioHill House Capital's profile

Biotech

13

AI

10

E-commerce

9

Fintech

5

Edtech

4

Internet

4

Healthtech

4

Logistics

2

B2C

2

Engineering

2

Consumer Services

2

Beauty

2

Segment by segment

Biotech

13 startups · $1.6B raised

  1. CCStoneChina$410M
  2. Haihe BiopharmaHaihe Biopharma is a biopharmaceutical company that develops cancer anti-tumour drugs.China$317M
  3. Abogen BiosciencesAbogen Biosciences is a clinical-stage biotechnology company focused on RNA-based medicines, particularly in mRNA science and technology.China$300M
  4. AntengeneAntengene is a developer of biotechnology and bio-pharmaceuticals intended to provide medicine treatment for tumor.China$217M
  5. GRIT BiotechnologyGrit Biotechnology, also known as Grit Bio, is a clinical-stage biopharmaceutical company based in Shanghai, China.China$84M
  6. BluephaBluepha is a leading synthetic biology company in China, founded in 2016 by Dr.China$59M
  7. IInnocareInnoCare is a Chinese biopharmaceutical company that develops treatment for cancer and autoimmune diseases.China$55M
  8. WeMedWeMed is an interventional diagnosis and treatment solutions provider.China$46M

AI

10 startups · $1.7B raised

  1. YYuanfudaoYuanfudao provides live courses and tutoring through an online platform.China$600M
  2. ROBOTERAChina$345M
  3. ALAnew LabsChina$290M
  4. MMokaChina$127M
  5. Uni-UbiUni-Ubi is an AI and IoT solutions provider for smart cities.China$80M
  6. ZillizZilliz is the company behind Milvus, the open-source vector database, and Zilliz Cloud, a fully managed vector database for buildiChina$70M
  7. ThinkForceFounded in 2017, ThinkForce is a AI chip high-tech startup based in Shanghai, China.China$68M
  8. Haomo.AIHAOMO.AI is a Chinese autonomous driving technology company founded in 2019 and based in Beijing.China$41M

E-commerce

9 startups · $1.4B raised

  1. JHJD HealthJD Health is an e-commerce platform for pharmaceutical products.China$830M
  2. XiaohongshuXiaohongshu, also known as RedNote or Little Red Book, is a prominent Chinese social networking and e-commerce platform founded inChina$318M
  3. Style3DStyle3D is a technology company based in Hangzhou, China, that focuses on integrating artificial intelligence and 3D simulation toChina$100M
  4. DailuoboDailuobois is an e-commerce platform for agricultural products that allows consumers to order groceries to be picked up the next day.China$92M
  5. LLingxingLingxing is a cross-border e-commerce SaaS service provider of ERP functional software products and solutions.China$44M
  6. FordealFordeal is a cross-border B2C e-commerce platform founded in 2017 and based in Guangzhou, China.China$20M
  7. VCVolcan CraftVolcan Craft (Kaishan) is a new liquor brand.China$14M
  8. ShopastroShopastro is a brand-going full-link service provider.China$10M

Fintech

5 startups · $267M raised

  1. FenbeitongFenbeitong (分贝通) is a corporate consumer management platform.China$140M
  2. YooliYooli (有利网) is a peer-to-peer online lending platform based in Beijing, China, founded in 2012.China$66M
  3. YYunZhangFang.comChina$43M
  4. UUcaidaoChina$15M
  5. XFXinxin FinanceXinxin Finance is a consumer credit service provider.China$3.0M

Edtech

4 startups · $166M raised

  1. GEGolden EducationChina$115M
  2. Magic EarsMagic Ears provides online immersive English language education to children in China.China$19M
  3. SWSmart Walnut Education TechnologyChina$18M
  4. YYunshuxieYunshuxie is a K12 reading writing companion system solution service provider.China$15M

Internet

4 startups · $2.0B raised

  1. IiQiyiChina$1.9B
  2. XXiangwushuoXiangwushuo is an online platform intended to offer services related to second-hand goods sharing.China$65M
  3. LLefitLefit is a Hangzhou-based new concept fitness start-up gym operator.China$45M
  4. YYichechuxingChina$26M

Healthtech

4 startups · $935M raised

  1. WeDoctorChina$911M
  2. Delta MedicalDelta Medical is a technology-oriented company in the sports and health industry, established in 2015.China$20M
  3. APAn'an Pet HospitalAn'an Pet Hospital is a pet medical clinic that provides healthcare and medical services.China$3.0M
  4. XJXinyang Jianfeng Eyes HospitalXinyang Jianfeng Eyes Hospital is an eye hospital that offers medical treatment, scientific research, and teaching services.China$437K

Logistics

2 startups · $4.9B raised

  1. JD LogisticsJD Logistics International is now called @Jingdong Logistics.China$2.5B
  2. Xpeng MotorsXiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions.China$2.4B

B2C

2 startups · $160M raised

  1. Bianlifeng便利蜂是一家中国的科技创新型连锁便利店,成立于2016年,总部位于北京市。公司以数据、算法和互联网科技为核心,运营24小时直营便利店,致力于为城市消费者提供高效、便捷的全场景便利服务。便利蜂的服务包括早餐、便当、饮品和生活用品等一站式购物体验。 便利蜂在多个城China$100M
  2. MoreticketsMoreTickets - offers convenient, secure, and transparent way to buy & sell tickets in a trusted marketplace.China$60M

Engineering

2 startups · $19M raised

  1. Shenzhen ShifengShenzhen Shifeng is committed to the independent research and development and industrialization of high-end industrial software.China$16M
  2. RGRongchuang GeotechnicalChina$3.0M

Consumer Services

2 startups · $225M raised

  1. KujialeKujiale is a leading cloud-based 3D design platform developed by Manycore Tech, founded in Hangzhou, China.China$210M
  2. MMatchUMatchU is a men's suit custom made tailoring service platform.China$15M

Beauty

2 startups · $247M raised

  1. HarmayHARMAY is a Chinese beauty and lifestyle retailer that combines an online and offline shopping experience.China$200M
  2. WWOSADOWOSADO is a fashion and beauty brand that offers zero-pressure eye makeup products.China$47M

How this map is made. Every startup here has raised money in a round we track that names Hill House Capital as an investor and is based in China. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

More portfolio maps

All portfolios
Investments abroadHill House Capital's investments in the United States18 startups · $5.1BPortfolio mapHill House Capital portfolio map107 startups · $36BCo-investorsWho invests with Hill House Capital85 co-investorsSector portfolioHill House Capital's Biotech portfolio32 startups · $6.2BSector portfolioHill House Capital's AI portfolio15 startups · $7.7BInvestments abroadIndex Ventures' investments in the United States217 startups · $50B

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