# HSG's Investments in China: 94 Startups by Sector (2026) > The 94 startups in China that HSG has backed, by sector: AI, Biotech and Fintech and more. $47B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/hsg-investments-china (Millionrounds; every figure on the page links to its filing or article) ## AI 24 - [ByteDance](https://millionrounds.com/company/bytedance) - [ROBOTERA](https://millionrounds.com/company/robotera) - [*AL* Anew Labs](https://millionrounds.com/company/anew-labs) - [*XS* X Square Robot](https://millionrounds.com/company/x-square-robot) - [*I* Infervision](https://millionrounds.com/company/infervision) - [AGIBOT](https://millionrounds.com/company/agibot) - [LibLib AI](https://millionrounds.com/company/liblib-ai) - [Yaoyanshe](https://millionrounds.com/company/yaoyanshe) - [*MA* Manus AI](https://millionrounds.com/company/manus-ai) - [SiBionics](https://millionrounds.com/company/sibionics) - [ThinkForce](https://millionrounds.com/company/thinkforce) - [METiS Pharmaceuticals](https://millionrounds.com/company/metis-pharmaceuticals) - [Neptune Robotics](https://millionrounds.com/company/neptune-robotics) - [TUNGEE](https://millionrounds.com/company/tungee) - [Oushu](https://millionrounds.com/company/oushu) - [Encootech](https://millionrounds.com/company/encootech) - [Shannon.ai](https://millionrounds.com/company/shannon-ai) - [*S* Synyi](https://millionrounds.com/company/synyi) - [Micronano Core](https://millionrounds.com/company/micronano-core) - [MoleculeMind](https://millionrounds.com/company/moleculemind) - [Syrius Robotics](https://millionrounds.com/company/syrius-robotics) - [Powerlaw AI](https://millionrounds.com/company/powerlaw-ai) - [Clustar](https://millionrounds.com/company/clustar) - [Fiture](https://millionrounds.com/company/fiture) ## Biotech 13 - [*TT* Tencent Trusted Doctor](https://millionrounds.com/company/tencent-trusted-doctor) - [JW Therapeutics](https://millionrounds.com/company/jw-therapeutics) - [*BB* Brii Biosciences](https://millionrounds.com/company/brii-biosciences) - [D3 Bio](https://millionrounds.com/company/d3-bio) - [Neurophth Therapeutics](https://millionrounds.com/company/neurophth-therapeutics) - [Adagene](https://millionrounds.com/company/adagene) - [Qihan Biotech](https://millionrounds.com/company/qihan-biotech) - [HemaCell](https://millionrounds.com/company/hemacell) - [Shanhu Health](https://millionrounds.com/company/shanhu-health) - [*GS* Grit Science](https://millionrounds.com/company/grit-science) - [*JP* Joyo Pharma](https://millionrounds.com/company/joyo-pharma) - [*S* Stemirna](https://millionrounds.com/company/stemirna) - [CorrectSequence Therapeutics](https://millionrounds.com/company/correctsequence-therapeutics) ## Fintech 9 - [Feidee](https://millionrounds.com/company/feidee) - [*E* Ekuaibao](https://millionrounds.com/company/ekuaibao) - [Jinfuzi](https://millionrounds.com/company/jinfuzi) - [*NT* Nuanwa Technology](https://millionrounds.com/company/nuanwa-technology) - [*U* Ucaidao](https://millionrounds.com/company/ucaidao) - [*K* Ksher](https://millionrounds.com/company/ksher) - [FinTell](https://millionrounds.com/company/fintell) - [Yudian](https://millionrounds.com/company/yudian) - [*QY* Qianhai Yuandao](https://millionrounds.com/company/qianhai-yuandao) ## Healthtech 9 - [WeDoctor](https://millionrounds.com/company/wedoctor) - [*BY* Beijing Yuan Xin](https://millionrounds.com/company/beijing-yuan-xin) - [Edge Medical Robotics](https://millionrounds.com/company/edge-medical-robotics) - [NeuroXess](https://millionrounds.com/company/neuroxess) - [MagAssist](https://millionrounds.com/company/magassist) - [Eighteeth](https://millionrounds.com/company/eighteeth) - [*O* OMMAY](https://millionrounds.com/company/ommay) - [*LI* Life Infinity](https://millionrounds.com/company/life-infinity) - [*DZ* Dongri Zhongyi Guan](https://millionrounds.com/company/dongri-zhongyi-guan) ## Consumer Apps 7 - [*FT* Full Truck Alliance](https://millionrounds.com/company/full-truck-alliance) - [Laiye](https://millionrounds.com/company/laiye) - [Dooluu](https://millionrounds.com/company/dooluu) - [Xiaodaka](https://millionrounds.com/company/xiaodaka) - [*E* ENIGMABOT](https://millionrounds.com/company/enigmabot) - [*W* Wanzhu](https://millionrounds.com/company/wanzhu) - [Hitales](https://millionrounds.com/company/hitales) ## Logistics 6 - [Xpeng Motors](https://millionrounds.com/company/xpeng-motors) - [*DG* Dada Group](https://millionrounds.com/company/dada-group) - [*K* Keking](https://millionrounds.com/company/keking) - [Yunmanman](https://millionrounds.com/company/yunmanman) - [*YD* Yunniao Delivery](https://millionrounds.com/company/yunniao-delivery) - [*S* Sunyur](https://millionrounds.com/company/sunyur) ## IT Services 5 - [*JN* Jushuitan Network Technology](https://millionrounds.com/company/jushuitan-network-technology) - [*H* Huami](https://millionrounds.com/company/huami) - [ImageDT](https://millionrounds.com/company/imagedt) - [Xinlue Shuzhi](https://millionrounds.com/company/xinlue-shuzhi) - [*YN* Yacheng Network](https://millionrounds.com/company/yacheng-network) ## Internet 5 - [Huangbaoche](https://millionrounds.com/company/huangbaoche) - [Jollychic](https://millionrounds.com/company/jollychic) - [*X* Xiangwushuo](https://millionrounds.com/company/xiangwushuo) - [*L* LeCheBang](https://millionrounds.com/company/lechebang) - [Enjoy Move Technology](https://millionrounds.com/company/enjoy-move-technology) ## Big Data & Analytics 4 - [Sensors Data](https://millionrounds.com/company/sensors-data) - [Guandata](https://millionrounds.com/company/guandata) - [Guance Cloud](https://millionrounds.com/company/guance-cloud) - [Choiceform](https://millionrounds.com/company/choiceform) ## Foodtech 4 - [*SI* Snack Is Busy](https://millionrounds.com/company/snack-is-busy) - [*LL* Letus Legend](https://millionrounds.com/company/letus-legend) - [*S* ShengXianChuanQi](https://millionrounds.com/company/shengxianchuanqi) - [Saturnbird Coffee](https://millionrounds.com/company/saturnbird-coffee) ## Automotive & EVs 4 - [NIO](https://millionrounds.com/company/nio) - [LeapMotor](https://millionrounds.com/company/leapmotor) - [CassTime](https://millionrounds.com/company/casstime) - [CiDi](https://millionrounds.com/company/cidi) ## E-commerce 4 - [Xiaohongshu](https://millionrounds.com/company/xiaohongshu) - [*D* Doublefs](https://millionrounds.com/company/doublefs) - [*F* Familyone](https://millionrounds.com/company/familyone) - [Weixiuhui](https://millionrounds.com/company/weixiuhui) ## Segment by segment ### AI 24 startups · $35B raised - [**ByteDance**](https://millionrounds.com/company/bytedance) ByteDance is a Chinese multinational internet technology company based in Beijing, known for its popular video-sharing platform Ti China $33B - [**ROBOTERA**](https://millionrounds.com/company/robotera) China $345M - [*AL* **Anew Labs**](https://millionrounds.com/company/anew-labs) China $290M - [*XS* **X Square Robot**](https://millionrounds.com/company/x-square-robot) China $240M - [*I* **Infervision**](https://millionrounds.com/company/infervision) China $187M - [**AGIBOT**](https://millionrounds.com/company/agibot) AGIBOT敏捷 is a Chinese surgical robotics company based in Suzhou, Jiangsu, founded in September 2020. China $149M - [**LibLib AI**](https://millionrounds.com/company/liblib-ai) LibLib AI is an AI image generation platform that provides cutting-edge content creation through AI multi-dimensional interactions. China $130M - [**Yaoyanshe**](https://millionrounds.com/company/yaoyanshe) Yaoyanshe is a clinical research technology company based in Shanghai, specializing in the pharmaceutical R&D ecosystem. China $86M ### Biotech 13 startups · $1.0B raised - [*TT* **Tencent Trusted Doctor**](https://millionrounds.com/company/tencent-trusted-doctor) China $250M - [**JW Therapeutics**](https://millionrounds.com/company/jw-therapeutics) JW Therapeutics is a developer of cell-based therapy technologies created to revolutionize cancer treatment. China $190M - [*BB* **Brii Biosciences**](https://millionrounds.com/company/brii-biosciences) Brii Biosciences is a biotechnology company that commits to bring innovative medicines to China as a way to improve public health. China $155M - [**D3 Bio**](https://millionrounds.com/company/d3-bio) D3 Bio is a clinical-stage biotechnology company based in Wuxi, China, founded in 2020. China $108M - [**Neurophth Therapeutics**](https://millionrounds.com/company/neurophth-therapeutics) Neurophth Therapeutics is a leading clinical-stage gene therapy company based in Wuhan, China, with additional subsidiaries in Sha China $97M - [**Adagene**](https://millionrounds.com/company/adagene) Adagene is a clinical-stage biotech company that specializes in developing immuno-oncology antibodies. China $83M - [**Qihan Biotech**](https://millionrounds.com/company/qihan-biotech) Qihan Biotech is a gene-editing organ transplantation technology developer. China $42M - [**HemaCell**](https://millionrounds.com/company/hemacell) HemaCell is a new cell therapy company to regenerate hematopoietic lineages in vitro, with unique stem cell reprogramming. China $17M ### Fintech 9 startups · $597M raised - [**Feidee**](https://millionrounds.com/company/feidee) Feidee is a finance platform that offers automated management of bank cards, loan applications, insurance, repayments and investme China $225M - [*E* **Ekuaibao**](https://millionrounds.com/company/ekuaibao) EKuaibao is an agile enterprise expense reimbursement and management platform. China $219M - [**Jinfuzi**](https://millionrounds.com/company/jinfuzi) Jinfuzi is online financial investment platform. China $76M - [*NT* **Nuanwa Technology**](https://millionrounds.com/company/nuanwa-technology) Nuanwa Technology is a tech-driven medical insurance service company. China $34M - [*U* **Ucaidao**](https://millionrounds.com/company/ucaidao) China $15M - [*K* **Ksher**](https://millionrounds.com/company/ksher) China $11M - [**FinTell**](https://millionrounds.com/company/fintell) FinTell is a financial service provider based in Beijing. China $10M - [**Yudian**](https://millionrounds.com/company/yudian) Yudian is a credit information service provider. China $4.4M ### Healthtech 9 startups · $1.5B raised - [**WeDoctor**](https://millionrounds.com/company/wedoctor) China $911M - [*BY* **Beijing Yuan Xin**](https://millionrounds.com/company/beijing-yuan-xin) Beijing Yuanxin is a technology company that offers an integrated healthcare platform for pharmaceutical distribution and health insurance. China $232M - [**Edge Medical Robotics**](https://millionrounds.com/company/edge-medical-robotics) Edge Medical Robotics is a surgical robot platform company focused on design, R&D, and commercialization of advance medical devices. China $200M - [**NeuroXess**](https://millionrounds.com/company/neuroxess) NeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis. China $105M - [**MagAssist**](https://millionrounds.com/company/magassist) MagAssist is a special expert of the National Youth Thousand People Program and a special professor of Suzhou University. China $78M - [**Eighteeth**](https://millionrounds.com/company/eighteeth) Eighteeth is a prominent Chinese dental brand and manufacturer, established in 2016, specializing in high-quality dental equipment China $15M - [*O* **OMMAY**](https://millionrounds.com/company/ommay) OMMAY provides children and family medical care and healthcare services. China $3.1M - [*LI* **Life Infinity**](https://millionrounds.com/company/life-infinity) Life Infinity is an anti-aging and cancer prevention medical center. China $1.5M ### Consumer Apps 7 startups · $1.8B raised - [*FT* **Full Truck Alliance**](https://millionrounds.com/company/full-truck-alliance) Full Truck Alliance is an IT service and IT consulting platform that facilitates transactions between shippers and truckers. China $1.7B - [**Laiye**](https://millionrounds.com/company/laiye) Laiye, also known as Laiye Technology, is a Beijing-based software company founded in 2015. China $74M - [**Dooluu**](https://millionrounds.com/company/dooluu) Dooluu is an app for parents and preschool teachers to track and share photos, videos, and posts of children’s daily life. China $7.0M - [**Xiaodaka**](https://millionrounds.com/company/xiaodaka) xiaodaka is a community and social platform from China that focuses on interest-based interactions. China $5.1M - [*E* **ENIGMABOT**](https://millionrounds.com/company/enigmabot) ENIGMABOT is a programming education service robot developer. China $3.1M - [*W* **Wanzhu**](https://millionrounds.com/company/wanzhu) Wanzhu is an application for entertainment gaming social platform. China $3.0M - [**Hitales**](https://millionrounds.com/company/hitales) Hitales is an internet company that develops applications of medical artificial intelligence products. China $3.0M ### Logistics 6 startups · $3.1B raised - [**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 - [*DG* **Dada Group**](https://millionrounds.com/company/dada-group) Dada Group is an energy vehicle operation and service integrated technology enterprise. China $320M - [*K* **Keking**](https://millionrounds.com/company/keking) China $144M - [**Yunmanman**](https://millionrounds.com/company/yunmanman) Yunmanman is a Chinese online logistics firm. China $125M - [*YD* **Yunniao Delivery**](https://millionrounds.com/company/yunniao-delivery) Yunniao Delivery is a Chinese B2B courier platform. China $100M - [*S* **Sunyur**](https://millionrounds.com/company/sunyur) Sunyur provides digital procurement solutions. China $22M ### IT Services 5 startups · $194M raised - [*JN* **Jushuitan Network Technology**](https://millionrounds.com/company/jushuitan-network-technology) China $146M - [*H* **Huami**](https://millionrounds.com/company/huami) Huami offers business software solutions for chain enterprises. China $35M - [**ImageDT**](https://millionrounds.com/company/imagedt) ImageDT, also known as Guangzhou Tujiang Data Technology Co., Ltd., is an AI business service provider based in Guangzhou, founded in 2016. China $10M - [**Xinlue Shuzhi**](https://millionrounds.com/company/xinlue-shuzhi) Xinlueshuzhi is a global consumer digital operation solution provider, helping brands build a "strategy cube". China $1.6M - [*YN* **Yacheng Network**](https://millionrounds.com/company/yacheng-network) Yacheng Network is a provider of information technology and software services that specializes in offering these services. China $1.4M ### Internet 5 startups · $315M raised - [**Huangbaoche**](https://millionrounds.com/company/huangbaoche) Huangbaoche is a travel service providing tour packages and booking services. China $127M - [**Jollychic**](https://millionrounds.com/company/jollychic) Jollychic, founded in 2012 by Aaron Li and Ding Wei, is a prominent cross-border e-commerce platform headquartered in Hangzhou, China. China $65M - [*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* **LeCheBang**](https://millionrounds.com/company/lechebang) Lechebang designs and develops a mobile app that provides automobile maintenance and after-sale services. China $44M - [**Enjoy Move Technology**](https://millionrounds.com/company/enjoy-move-technology) Enjoy Move Technology is a solution provider of a safety software platform for the intelligent driving domain controller. China $14M ### Big Data & Analytics 4 startups · $350M raised - [**Sensors Data**](https://millionrounds.com/company/sensors-data) 神策数据(Sensors Data),全称神策网络科技(北京)有限公司,是中国领先的大数据分析与营销科技服务提供商。公司总部位于北京,并在多个城市设有服务团队和研发中心,业务覆盖全国及东南亚市场。神策数据致力于帮助企业实现数据驱动和数字化客户经营,服务超过20 China $244M - [**Guandata**](https://millionrounds.com/company/guandata) Guandata is an enterprise analytics software company founded in 2016, specializing in AI and business intelligence (BI) solutions China $44M - [**Guance Cloud**](https://millionrounds.com/company/guance-cloud) Guance Cloud offers a full-stack observability platform for cloud-based workflows. China $31M - [**Choiceform**](https://millionrounds.com/company/choiceform) Choiceform seamlessly integrates customer, employee, brand, and product experiences into profound strategic insights, empowering e China $30M ### Foodtech 4 startups · $281M raised - [*SI* **Snack Is Busy**](https://millionrounds.com/company/snack-is-busy) Snack Is Busy is a food chain brand that delivers snacks to people using delivery trucks across the nation. China $147M - [*LL* **Letus Legend**](https://millionrounds.com/company/letus-legend) Letus Legend is a produce chain supermarket operator. China $73M - [*S* **ShengXianChuanQi**](https://millionrounds.com/company/shengxianchuanqi) Shengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise. China $43M - [**Saturnbird Coffee**](https://millionrounds.com/company/saturnbird-coffee) Saturnbird Coffee is a Chinese coffee brand established in 2015, specializing in premium coffee products that blend specialty flav China $18M ### Automotive & EVs 4 startups · $2.2B raised - [**NIO**](https://millionrounds.com/company/nio) NIO is much more than a car company. China $1.6B - [**LeapMotor**](https://millionrounds.com/company/leapmotor) Leapmotor is a Hangzhou-based Chinese new energy car maker. China $490M - [**CassTime**](https://millionrounds.com/company/casstime) CassTime is an industrial internet company based in Shenzhen, founded in May 2015. China $86M - [**CiDi**](https://millionrounds.com/company/cidi) CiDi is a China-based company specializing in industrial AI and intelligent driving, particularly for commercial vehicles and heav China $45M ### E-commerce 4 startups · $462M raised - [**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 - [*D* **Doublefs**](https://millionrounds.com/company/doublefs) e-commerce fashion platform China $100M - [*F* **Familyone**](https://millionrounds.com/company/familyone) Familyone is an E-commerce platform. China $30M - [**Weixiuhui**](https://millionrounds.com/company/weixiuhui) Weixiuhui is a E-commerce Start Up Based in Shenzhen. China $15M **How this map is made.** Every startup here has raised money in a round we track that names HSG 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 **HSG's investments in the United States** 42 startups · $8.6B](https://millionrounds.com/portfolio-maps/hsg-investments-united-states)[Portfolio map **HSG portfolio map** 185 startups · $66B](https://millionrounds.com/portfolio-maps/hsg-portfolio-map)[Co-investors **Who invests with HSG** 137 co-investors](https://millionrounds.com/portfolio-maps/hsg-co-investors)[Sector portfolio **HSG's AI portfolio** 52 startups · $44B](https://millionrounds.com/portfolio-maps/hsg-ai-portfolio)[Sector portfolio **HSG's Biotech portfolio** 34 startups · $5.8B](https://millionrounds.com/portfolio-maps/hsg-biotech-portfolio)[Sector portfolio **HSG's Fintech portfolio** 19 startups · $4.3B](https://millionrounds.com/portfolio-maps/hsg-fintech-portfolio) ## Raising from investors like HSG? 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