Portfolio map · VC firm · Hong Kong SAR China

HSG portfolio map

185 startups HSG has backed in rounds we track, since 2012, grouped by their main sector. Together they have raised $66B; HSG led at least one round in 3 of them. The biggest sector is AI, with 52 companies.

185startups backed
12sectors
$66Braised between them
AIbiggest sector

HSG's investor profile

AI

52

+28 more

Biotech

34

+10 more

Fintech

20

Web3 & Crypto

17

Healthtech

14

Consumer Apps

10

IT Services

8

Big Data & Analytics

7

Logistics

6

Internet

6

Foodtech

6

E-commerce

5

Segment by segment

AI

52 startups · $44B raised

  1. ByteDanceByteDance is a Chinese multinational internet technology company based in Beijing, known for its popular video-sharing platform TiChina$33B
  2. ZZ.ai-$5.1B
  3. MMiniMaxMiniMax develops AI technology for social connections and interaction, converting text into visual, audio, and text to text modes.Singapore$1.2B
  4. Pony.aiLeading global autonomous driving technology company Pony.ai, Inc.United States$875M
  5. GensparkGenspark is an all-in-one AI Workspace on a mission to autopilot the busywork for 1 billion+ knowledge workers.United States$575M
  6. ROBOTERAChina$345M
  7. ALAnew LabsChina$290M
  8. CanvaCanva Pty Ltd is an Australian multinational software company based in Sydney, known for its user-friendly graphic design platform.Australia$248M

Biotech

34 startups · $5.8B raised

  1. GGrailUnited States$1.6B
  2. Structure TherapeuticsStructure Therapeutics specializes in the discovery and development of drugs against a type of targets called GPCR.United States$748M
  3. ModernaLearn how we’re changing the world of medicine.United States$675M
  4. IMInsilico MedicineHong Kong SAR China$392M
  5. ArriVentArriVent develops pharmaceutical products to cure presently untreatable cancer.United States$325M
  6. TTTencent Trusted DoctorChina$250M
  7. JW TherapeuticsJW Therapeutics is a developer of cell-based therapy technologies created to revolutionize cancer treatment.China$190M
  8. Frontera TherapeuticsFrontera Therapeutics is an AAV gene therapy company that focuses on rAAV therapies for the global market.United States$160M

Fintech

20 startups · $4.3B raised

  1. AirwallexAirwallex is the leading financial technology platform for modern businesses growing beyond bordersAustralia$1.6B
  2. WeLabWeLab is a prominent pan-Asian financial technology group based in Quarry Bay, Hong Kong.Hong Kong SAR China$630M
  3. OOPayNorway$570M
  4. MMonzoUnited Kingdom$394M
  5. TabbyTabby is a payments and shopping app that enables customers to make purchases and pay for them in installments.Saudi Arabia$235M
  6. FeideeFeidee is a finance platform that offers automated management of bank cards, loan applications, insurance, repayments and investmeChina$225M
  7. EEkuaibaoEKuaibao is an agile enterprise expense reimbursement and management platform.China$219M
  8. MidasMidas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.Türkiye$89M

Web3 & Crypto

17 startups · $2.3B raised

  1. KrakenKraken is one of the world’s longest-standing and most secure crypto platforms.United States$1.7B
  2. RedotPayRedotPay is a Hong Kong-based fintech company founded in April 2023 by Michael Gao and Jonathan Chan.Hong Kong SAR China$194M
  3. KKASTCayman Islands$90M
  4. VibeVibe is a streaming TV advertising company for small and medium-sized businesses.United States$87M
  5. Babel FinanceBabel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary ofHong Kong SAR China$80M
  6. MultichainMultichain is a cross-chain router protocol (CRP) providing a mature real-time CRP system.Singapore$60M
  7. PingLearn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more.United States$33M
  8. AERGOAERGO is an online platform that allows businesses to share data through blockchain networks.Hong Kong SAR China$30M

Healthtech

14 startups · $2.8B raised

  1. WeDoctorChina$911M
  2. MedlinkerMedlinker is a Chinese AI healthcare and digital medical services company founded in 2014 in Chengdu.Japan$761M
  3. BYBeijing Yuan XinBeijing Yuanxin is a technology company that offers an integrated healthcare platform for pharmaceutical distribution and health insurance.-$232M
  4. Edge Medical RoboticsEdge Medical Robotics is a surgical robot platform company focused on design, R&D, and commercialization of advance medical devices.-$200M
  5. Eight SleepEight Sleep is a sleep fitness company based in New York City, founded in 2014.United States$190M
  6. Noah MedicalNoah Medical is a medical robotics company based in Silicon Valley, founded in 2018.United States$150M
  7. NeuroXessNeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis.China$105M
  8. Virtue DiagnosticsVirtue Diagnostics is a global in vitro diagnostics (IVD) company founded in 2019, with a focus on providing affordable and precisSingapore$100M

Consumer Apps

10 startups · $2.2B raised

  1. FTFull Truck AllianceFull Truck Alliance is an IT service and IT consulting platform that facilitates transactions between shippers and truckers.-$1.7B
  2. PatPatPatPat is a shopping app for moms.United States$211M
  3. LSLuoji SiweiLuoji Siwei, a China-based talk show, provides a mobile app which allows users to subscribe to learn from key opinion leaders (KOL-$142M
  4. LaiyeLaiye, also known as Laiye Technology, is a Beijing-based software company founded in 2015.China$74M
  5. DooluuDooluu is an app for parents and preschool teachers to track and share photos, videos, and posts of children’s daily life.China$7.0M
  6. Xiaodakaxiaodaka is a community and social platform from China that focuses on interest-based interactions.China$5.1M
  7. Animoca BrandsAnimoca Brands is a metaverse and gaming company focused on driving digital property rights through NFTs.Hong Kong SAR China$5.0M
  8. EENIGMABOTENIGMABOT is a programming education service robot developer.-$3.1M

IT Services

8 startups · $241M raised

  1. JNJushuitan Network TechnologyChina$146M
  2. VanTopEveryone has a worthy sharing moment.United States$45M
  3. HHuamiHuami offers business software solutions for chain enterprises.China$35M
  4. ImageDTImageDT, also known as Guangzhou Tujiang Data Technology Co., Ltd., is an AI business service provider based in Guangzhou, founded in 2016.China$10M
  5. Floatboat AIFloatship AI is an AI Office Environment designed for how real work actually happens.Hong Kong SAR China$2.0M
  6. Xinlue ShuzhiXinlueshuzhi is a global consumer digital operation solution provider, helping brands build a "strategy cube" .-$1.6M
  7. YNYacheng NetworkYacheng Network is a provider of information technology and software services that specializes in offering these services.-$1.4M
  8. PLPeak LabsPeak Labs focuses on the research and development of information extraction and retrieval technology to transform knowledge.-$476K

Big Data & Analytics

7 startups · $377M raised

  1. 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20China$244M
  2. GuandataGuandata is an enterprise analytics software company founded in 2016, specializing in AI and business intelligence (BI) solutions China$44M
  3. Guance CloudGuance Cloud offers a full-stack observability platform for cloud-based workflows.-$31M
  4. ChoiceformChoiceform seamlessly integrates customer, employee, brand, and product experiences into profound strategic insights, empowering eChina$30M
  5. SelectDBSelectDB is a cloud-native real-time data warehouse that serves as an easy-to-use, high-performance, and unified analytical database.-$14M
  6. TimechoTimecho, founded in October 2021, is a prominent provider of IoT-native time-series database management systems based in Beijing, Germany$10M
  7. SSCAISCAI is a big data intelligent analysis and intelligent risk management company.-$3.2M

Logistics

6 startups · $3.1B raised

  1. Xpeng MotorsXiaopeng Motors is an electric vehicle and technology company that designs and manufactures intelligent mobility solutions.China$2.4B
  2. DGDada GroupDada Group is an energy vehicle operation and service integrated technology enterprise.-$320M
  3. KKekingChina$144M
  4. YunmanmanYunmanman is a Chinese online logistics firm.China$125M
  5. YDYunniao DeliveryYunniao Delivery is a Chinese B2B courier platform.China$100M
  6. SSunyurSunyur provides digital procurement solutions.China$22M

Internet

6 startups · $325M raised

  1. HuangbaocheHuangbaoche is a travel service providing tour packages and booking services.China$127M
  2. JollychicJollychic, founded in 2012 by Aaron Li and Ding Wei, is a prominent cross-border e-commerce platform headquartered in Hangzhou, China.China$65M
  3. XXiangwushuoXiangwushuo is an online platform intended to offer services related to second-hand goods sharing.China$65M
  4. LLeCheBangLechebang designs and develops a mobile app that provides automobile maintenance and after-sale services.China$44M
  5. Enjoy Move TechnologyEnjoy Move Technology is a solution provider of a safety software platform for the intelligent driving domain controller.China$14M
  6. MoboTapMoboTap is a mobile technology developer.United States$10M

Foodtech

6 startups · $343M raised

  1. SISnack Is BusySnack Is Busy is a food chain brand that delivers snacks to people using delivery trucks across the nation.-$147M
  2. LLLetus LegendLetus Legend is a produce chain supermarket operator.China$73M
  3. v2foodV2food is a plant-based meat company that produces legume-based meat alternatives.Australia$52M
  4. SShengXianChuanQiShengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise.-$43M
  5. Saturnbird CoffeeSaturnbird Coffee is a Chinese coffee brand established in 2015, specializing in premium coffee products that blend specialty flavChina$18M
  6. Sprinter SpiritsSprinter Spirits is a vodka soda made with real fruit juice, premium vodka, and sparkling water.United States$10M

E-commerce

5 startups · $470M raised

  1. XiaohongshuXiaohongshu, also known as RedNote or Little Red Book, is a prominent Chinese social networking and e-commerce platform founded inChina$318M
  2. DDoublefse-commerce fashion platform-$100M
  3. FFamilyoneFamilyone is an E-commerce platform.China$30M
  4. WeixiuhuiWeixiuhui is a E-commerce Start Up Based in Shenzhen.China$15M
  5. OuterOuter is a Santa Monica-based outdoor furniture brand founded in 2017.United States$8.0M

How this map is made. Every startup here has raised money in a round we track that names HSG as an investor, the first in 2012. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

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