# Hill House Capital's Investments in China: 59 Startups by Sector (2026) > The 59 startups in China that Hill House Capital has backed, by sector: Biotech, AI and E-commerce and more. $14B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/hill-house-capital-investments-china (Millionrounds; every figure on the page links to its filing or article) ## Biotech 13 - [*C* CStone](https://millionrounds.com/company/cstone) - [Haihe Biopharma](https://millionrounds.com/company/haihe-biopharma) - [Abogen Biosciences](https://millionrounds.com/company/abogen-biosciences) - [Antengene](https://millionrounds.com/company/antengene) - [GRIT Biotechnology](https://millionrounds.com/company/grit-biotechnology) - [Bluepha](https://millionrounds.com/company/bluepha) - [*I* Innocare](https://millionrounds.com/company/innocare) - [WeMed](https://millionrounds.com/company/wemed) - [Starna Therapeutics](https://millionrounds.com/company/starna-therapeutics) - [*E* Elpiscience](https://millionrounds.com/company/elpiscience) - [Qitan Technology](https://millionrounds.com/company/qitan-technology) - [UniXell Biotechnology](https://millionrounds.com/company/unixell-biotechnology) - [*HT* Hopson Technology](https://millionrounds.com/company/hopson-technology) ## AI 10 - [*Y* Yuanfudao](https://millionrounds.com/company/yuanfudao) - [ROBOTERA](https://millionrounds.com/company/robotera) - [*AL* Anew Labs](https://millionrounds.com/company/anew-labs) - [*M* Moka](https://millionrounds.com/company/moka) - [Uni-Ubi](https://millionrounds.com/company/uni-ubi) - [Zilliz](https://millionrounds.com/company/zilliz) - [ThinkForce](https://millionrounds.com/company/thinkforce) - [Haomo.AI](https://millionrounds.com/company/haomo-ai) - [*M* Muyanzhiyu](https://millionrounds.com/company/muyanzhiyu) - [Hui'an Jinke (Ahi Fintech)](https://millionrounds.com/company/hui-an-jinke-ahi-fintech) ## E-commerce 9 - [*JH* JD Health](https://millionrounds.com/company/jd-health) - [Xiaohongshu](https://millionrounds.com/company/xiaohongshu) - [Style3D](https://millionrounds.com/company/style3d) - [Dailuobo](https://millionrounds.com/company/dailuobo) - [*L* Lingxing](https://millionrounds.com/company/lingxing) - [Fordeal](https://millionrounds.com/company/fordeal) - [*VC* Volcan Craft](https://millionrounds.com/company/volcan-craft) - [Shopastro](https://millionrounds.com/company/shopastro) - [Didi Travel](https://millionrounds.com/company/didi-travel) ## Fintech 5 - [Fenbeitong](https://millionrounds.com/company/fenbeitong) - [Yooli](https://millionrounds.com/company/yooli) - [*Y* YunZhangFang.com](https://millionrounds.com/company/yunzhangfang-com) - [*U* Ucaidao](https://millionrounds.com/company/ucaidao) - [*XF* Xinxin Finance](https://millionrounds.com/company/xinxin-finance) ## Edtech 4 - [*GE* Golden Education](https://millionrounds.com/company/golden-education) - [Magic Ears](https://millionrounds.com/company/magic-ears) - [*SW* Smart Walnut Education Technology](https://millionrounds.com/company/smart-walnut-education-technology) - [*Y* Yunshuxie](https://millionrounds.com/company/yunshuxie) ## Internet 4 - [*I* iQiyi](https://millionrounds.com/company/iqiyi) - [*X* Xiangwushuo](https://millionrounds.com/company/xiangwushuo) - [*L* Lefit](https://millionrounds.com/company/lefit) - [*Y* Yichechuxing](https://millionrounds.com/company/yichechuxing) ## Healthtech 4 - [WeDoctor](https://millionrounds.com/company/wedoctor) - [Delta Medical](https://millionrounds.com/company/delta-medical) - [*AP* An'an Pet Hospital](https://millionrounds.com/company/an-an-pet-hospital) - [*XJ* Xinyang Jianfeng Eyes Hospital](https://millionrounds.com/company/xinyang-jianfeng-eyes-hospital) ## Logistics 2 - [JD Logistics](https://millionrounds.com/company/jd-logistics) - [Xpeng Motors](https://millionrounds.com/company/xpeng-motors) ## B2C 2 - [Bianlifeng](https://millionrounds.com/company/bianlifeng) - [Moretickets](https://millionrounds.com/company/moretickets) ## Engineering 2 - [Shenzhen Shifeng](https://millionrounds.com/company/shenzhen-shifeng) - [*RG* Rongchuang Geotechnical](https://millionrounds.com/company/rongchuang-geotechnical) ## Consumer Services 2 - [Kujiale](https://millionrounds.com/company/kujiale) - [*M* MatchU](https://millionrounds.com/company/matchu) ## Beauty 2 - [Harmay](https://millionrounds.com/company/harmay) - [*W* WOSADO](https://millionrounds.com/company/wosado) ## Segment by segment ### Biotech 13 startups · $1.6B raised - [*C* **CStone**](https://millionrounds.com/company/cstone) China $410M - [**Haihe Biopharma**](https://millionrounds.com/company/haihe-biopharma) Haihe Biopharma is a biopharmaceutical company that develops cancer anti-tumour drugs. China $317M - [**Abogen Biosciences**](https://millionrounds.com/company/abogen-biosciences) Abogen Biosciences is a clinical-stage biotechnology company focused on RNA-based medicines, particularly in mRNA science and technology. China $300M - [**Antengene**](https://millionrounds.com/company/antengene) Antengene is a developer of biotechnology and bio-pharmaceuticals intended to provide medicine treatment for tumor. China $217M - [**GRIT Biotechnology**](https://millionrounds.com/company/grit-biotechnology) Grit Biotechnology, also known as Grit Bio, is a clinical-stage biopharmaceutical company based in Shanghai, China. China $84M - [**Bluepha**](https://millionrounds.com/company/bluepha) Bluepha is a leading synthetic biology company in China, founded in 2016 by Dr. China $59M - [*I* **Innocare**](https://millionrounds.com/company/innocare) InnoCare is a Chinese biopharmaceutical company that develops treatment for cancer and autoimmune diseases. China $55M - [**WeMed**](https://millionrounds.com/company/wemed) WeMed is an interventional diagnosis and treatment solutions provider. China $46M ### AI 10 startups · $1.7B raised - [*Y* **Yuanfudao**](https://millionrounds.com/company/yuanfudao) Yuanfudao provides live courses and tutoring through an online platform. China $600M - [**ROBOTERA**](https://millionrounds.com/company/robotera) China $345M - [*AL* **Anew Labs**](https://millionrounds.com/company/anew-labs) China $290M - [*M* **Moka**](https://millionrounds.com/company/moka) China $127M - [**Uni-Ubi**](https://millionrounds.com/company/uni-ubi) Uni-Ubi is an AI and IoT solutions provider for smart cities. China $80M - [**Zilliz**](https://millionrounds.com/company/zilliz) Zilliz is the company behind Milvus, the open-source vector database, and Zilliz Cloud, a fully managed vector database for buildi China $70M - [**ThinkForce**](https://millionrounds.com/company/thinkforce) Founded in 2017, ThinkForce is a AI chip high-tech startup based in Shanghai, China. China $68M - [**Haomo.AI**](https://millionrounds.com/company/haomo-ai) HAOMO.AI is a Chinese autonomous driving technology company founded in 2019 and based in Beijing. China $41M ### E-commerce 9 startups · $1.4B raised - [*JH* **JD Health**](https://millionrounds.com/company/jd-health) JD Health is an e-commerce platform for pharmaceutical products. China $830M - [**Xiaohongshu**](https://millionrounds.com/company/xiaohongshu) Xiaohongshu, also known as RedNote or Little Red Book, is a prominent Chinese social networking and e-commerce platform founded in China $318M - [**Style3D**](https://millionrounds.com/company/style3d) Style3D is a technology company based in Hangzhou, China, that focuses on integrating artificial intelligence and 3D simulation to China $100M - [**Dailuobo**](https://millionrounds.com/company/dailuobo) Dailuobois is an e-commerce platform for agricultural products that allows consumers to order groceries to be picked up the next day. China $92M - [*L* **Lingxing**](https://millionrounds.com/company/lingxing) Lingxing is a cross-border e-commerce SaaS service provider of ERP functional software products and solutions. China $44M - [**Fordeal**](https://millionrounds.com/company/fordeal) Fordeal is a cross-border B2C e-commerce platform founded in 2017 and based in Guangzhou, China. China $20M - [*VC* **Volcan Craft**](https://millionrounds.com/company/volcan-craft) Volcan Craft (Kaishan) is a new liquor brand. China $14M - [**Shopastro**](https://millionrounds.com/company/shopastro) Shopastro is a brand-going full-link service provider. China $10M ### Fintech 5 startups · $267M raised - [**Fenbeitong**](https://millionrounds.com/company/fenbeitong) Fenbeitong (分贝通) is a corporate consumer management platform. China $140M - [**Yooli**](https://millionrounds.com/company/yooli) Yooli (有利网) is a peer-to-peer online lending platform based in Beijing, China, founded in 2012. China $66M - [*Y* **YunZhangFang.com**](https://millionrounds.com/company/yunzhangfang-com) China $43M - [*U* **Ucaidao**](https://millionrounds.com/company/ucaidao) China $15M - [*XF* **Xinxin Finance**](https://millionrounds.com/company/xinxin-finance) Xinxin Finance is a consumer credit service provider. China $3.0M ### Edtech 4 startups · $166M raised - [*GE* **Golden Education**](https://millionrounds.com/company/golden-education) China $115M - [**Magic Ears**](https://millionrounds.com/company/magic-ears) Magic Ears provides online immersive English language education to children in China. China $19M - [*SW* **Smart Walnut Education Technology**](https://millionrounds.com/company/smart-walnut-education-technology) China $18M - [*Y* **Yunshuxie**](https://millionrounds.com/company/yunshuxie) Yunshuxie is a K12 reading writing companion system solution service provider. China $15M ### Internet 4 startups · $2.0B raised - [*I* **iQiyi**](https://millionrounds.com/company/iqiyi) China $1.9B - [*X* **Xiangwushuo**](https://millionrounds.com/company/xiangwushuo) Xiangwushuo is an online platform intended to offer services related to second-hand goods sharing. China $65M - [*L* **Lefit**](https://millionrounds.com/company/lefit) Lefit is a Hangzhou-based new concept fitness start-up gym operator. China $45M - [*Y* **Yichechuxing**](https://millionrounds.com/company/yichechuxing) China $26M ### Healthtech 4 startups · $935M raised - [**WeDoctor**](https://millionrounds.com/company/wedoctor) China $911M - [**Delta Medical**](https://millionrounds.com/company/delta-medical) Delta Medical is a technology-oriented company in the sports and health industry, established in 2015. China $20M - [*AP* **An'an Pet Hospital**](https://millionrounds.com/company/an-an-pet-hospital) An'an Pet Hospital is a pet medical clinic that provides healthcare and medical services. China $3.0M - [*XJ* **Xinyang Jianfeng Eyes Hospital**](https://millionrounds.com/company/xinyang-jianfeng-eyes-hospital) Xinyang Jianfeng Eyes Hospital is an eye hospital that offers medical treatment, scientific research, and teaching services. China $437K ### Logistics 2 startups · $4.9B raised - [**JD Logistics**](https://millionrounds.com/company/jd-logistics) JD Logistics International is now called @Jingdong Logistics. China $2.5B - [**Xpeng Motors**](https://millionrounds.com/company/xpeng-motors) Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions. China $2.4B ### B2C 2 startups · $160M raised - [**Bianlifeng**](https://millionrounds.com/company/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 - [**Moretickets**](https://millionrounds.com/company/moretickets) MoreTickets - offers convenient, secure, and transparent way to buy & sell tickets in a trusted marketplace. China $60M ### Engineering 2 startups · $19M raised - [**Shenzhen Shifeng**](https://millionrounds.com/company/shenzhen-shifeng) Shenzhen Shifeng is committed to the independent research and development and industrialization of high-end industrial software. China $16M - [*RG* **Rongchuang Geotechnical**](https://millionrounds.com/company/rongchuang-geotechnical) China $3.0M ### Consumer Services 2 startups · $225M raised - [**Kujiale**](https://millionrounds.com/company/kujiale) Kujiale is a leading cloud-based 3D design platform developed by Manycore Tech, founded in Hangzhou, China. China $210M - [*M* **MatchU**](https://millionrounds.com/company/matchu) MatchU is a men's suit custom made tailoring service platform. China $15M ### Beauty 2 startups · $247M raised - [**Harmay**](https://millionrounds.com/company/harmay) HARMAY is a Chinese beauty and lifestyle retailer that combines an online and offline shopping experience. China $200M - [*W* **WOSADO**](https://millionrounds.com/company/wosado) WOSADO 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](https://millionrounds.com/portfolio-maps) [Investments abroad **Hill House Capital's investments in the United States** 18 startups · $5.1B](https://millionrounds.com/portfolio-maps/hill-house-capital-investments-united-states)[Portfolio map **Hill House Capital portfolio map** 107 startups · $36B](https://millionrounds.com/portfolio-maps/hill-house-capital-portfolio-map)[Co-investors **Who invests with Hill House Capital** 85 co-investors](https://millionrounds.com/portfolio-maps/hill-house-capital-co-investors)[Sector portfolio **Hill House Capital's Biotech portfolio** 32 startups · $6.2B](https://millionrounds.com/portfolio-maps/hill-house-capital-biotech-portfolio)[Sector portfolio **Hill House Capital's AI portfolio** 15 startups · $7.7B](https://millionrounds.com/portfolio-maps/hill-house-capital-ai-portfolio)[Investments abroad **Index Ventures' investments in the United States** 217 startups · $50B](https://millionrounds.com/portfolio-maps/index-ventures-investments-united-states) ## Raising from investors like Hill House Capital? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)