# HSG Portfolio Map 2026: 185 Startups by Sector

> HSG's portfolio mapped: 185 startups it has backed, in 12 sectors from AI, Biotech and Fintech on. $66B raised between them; logos, funding and rounds.

Source: https://millionrounds.com/portfolio-maps/hsg-portfolio-map (Millionrounds; every figure on the page links to its filing or article)

## AI

52

- [ByteDance](https://millionrounds.com/company/bytedance)
- [*Z* Z.ai](https://millionrounds.com/company/z-ai)
- [*M* MiniMax](https://millionrounds.com/company/minimax)
- [Pony.ai](https://millionrounds.com/company/pony-ai)
- [Genspark](https://millionrounds.com/company/genspark)
- [ROBOTERA](https://millionrounds.com/company/robotera)
- [*AL* Anew Labs](https://millionrounds.com/company/anew-labs)
- [Canva](https://millionrounds.com/company/canva)
- [*XS* X Square Robot](https://millionrounds.com/company/x-square-robot)
- [*I* Infervision](https://millionrounds.com/company/infervision)
- [AGIBOT](https://millionrounds.com/company/agibot)
- [Simple](https://millionrounds.com/company/simple)
- [LibLib AI](https://millionrounds.com/company/liblib-ai)
- [GenesisAI](https://millionrounds.com/company/genesis-ai)
- [MainFunc (GenSpark)](https://millionrounds.com/company/mainfunc-genspark)
- [DataVisor](https://millionrounds.com/company/datavisor)
- [Yaoyanshe](https://millionrounds.com/company/yaoyanshe)
- [*MA* Manus AI](https://millionrounds.com/company/manus-ai)
- [SiBionics](https://millionrounds.com/company/sibionics)
- [Mech-Mind Robotics](https://millionrounds.com/company/mech-mind-robotics)
- [ThinkForce](https://millionrounds.com/company/thinkforce)
- [METiS Pharmaceuticals](https://millionrounds.com/company/metis-pharmaceuticals)
- [Neptune Robotics](https://millionrounds.com/company/neptune-robotics)
- [AI Rudder](https://millionrounds.com/company/ai-rudder)

+28 more

## Biotech

34

- [*G* Grail](https://millionrounds.com/company/grail)
- [Structure Therapeutics](https://millionrounds.com/company/structure-therapeutics)
- [Moderna](https://millionrounds.com/company/moderna)
- [*IM* Insilico Medicine](https://millionrounds.com/company/insilico-medicine)
- [ArriVent](https://millionrounds.com/company/arrivent)
- [*TT* Tencent Trusted Doctor](https://millionrounds.com/company/tencent-trusted-doctor)
- [JW Therapeutics](https://millionrounds.com/company/jw-therapeutics)
- [Frontera Therapeutics](https://millionrounds.com/company/frontera-therapeutics)
- [*BB* Brii Biosciences](https://millionrounds.com/company/brii-biosciences)
- [ProfoundBio](https://millionrounds.com/company/profoundbio)
- [D3 Bio](https://millionrounds.com/company/d3-bio)
- [OnCusp Therapeutics](https://millionrounds.com/company/oncusp-therapeutics)
- [Neurophth Therapeutics](https://millionrounds.com/company/neurophth-therapeutics)
- [EdiGene](https://millionrounds.com/company/edigene)
- [QuantX Biosciences](https://millionrounds.com/company/quantx-biosciences)
- [Adagene](https://millionrounds.com/company/adagene)
- [Normunity](https://millionrounds.com/company/normunity)
- [Excalipoint Therapetics](https://millionrounds.com/company/excalipoint-therapetics)
- [Spiro Medical](https://millionrounds.com/company/spiro-medical)
- [Cullgen](https://millionrounds.com/company/cullgen)
- [NuProbe](https://millionrounds.com/company/nuprobe)
- [Spear Bio](https://millionrounds.com/company/spear-bio)
- [Qihan Biotech](https://millionrounds.com/company/qihan-biotech)
- [Simcha Therapeutics](https://millionrounds.com/company/simcha-therapeutics)

+10 more

## Fintech

20

- [Airwallex](https://millionrounds.com/company/airwallex)
- [WeLab](https://millionrounds.com/company/welab)
- [*O* OPay](https://millionrounds.com/company/opay)
- [*M* Monzo](https://millionrounds.com/company/monzo)
- [Tabby](https://millionrounds.com/company/tabby)
- [Feidee](https://millionrounds.com/company/feidee)
- [*E* Ekuaibao](https://millionrounds.com/company/ekuaibao)
- [Midas](https://millionrounds.com/company/midas)
- [Jinfuzi](https://millionrounds.com/company/jinfuzi)
- [Nextpls](https://millionrounds.com/company/nextpls)
- [*RT* RD Technologies](https://millionrounds.com/company/rd-technologies)
- [*NT* Nuanwa Technology](https://millionrounds.com/company/nuanwa-technology)
- [*Q* QFPay](https://millionrounds.com/company/qfpay)
- [*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)
- [*KW* Kaike Wisdom](https://millionrounds.com/company/kaike-wisdom)
- [Afriex](https://millionrounds.com/company/afriex)

## Web3 & Crypto

17

- [Kraken](https://millionrounds.com/company/kraken)
- [RedotPay](https://millionrounds.com/company/redotpay)
- [*K* KAST](https://millionrounds.com/company/kast)
- [Vibe](https://millionrounds.com/company/vibe)
- [Babel Finance](https://millionrounds.com/company/babel-finance)
- [Multichain](https://millionrounds.com/company/multichain)
- [Ping](https://millionrounds.com/company/ping)
- [AERGO](https://millionrounds.com/company/aergo)
- [Phantom Galaxies](https://millionrounds.com/company/phantom-galaxies)
- [zkPass](https://millionrounds.com/company/zkpass)
- [DeBank](https://millionrounds.com/company/debank)
- [Slope Finance](https://millionrounds.com/company/slope-finance)
- [*GC* Guanguan Coin](https://millionrounds.com/company/guanguan-coin)
- [*ON* Orderly Network](https://millionrounds.com/company/orderly-network)
- [*MA* Martial Arts Awakening](https://millionrounds.com/company/martial-arts-awakening)
- [TEEX](https://millionrounds.com/company/teex)
- [*S* Scroll.io](https://millionrounds.com/company/scroll-io)

## Healthtech

14

- [WeDoctor](https://millionrounds.com/company/wedoctor)
- [Medlinker](https://millionrounds.com/company/medlinker)
- [*BY* Beijing Yuan Xin](https://millionrounds.com/company/beijing-yuan-xin)
- [Edge Medical Robotics](https://millionrounds.com/company/edge-medical-robotics)
- [Eight Sleep](https://millionrounds.com/company/eight-sleep)
- [Noah Medical](https://millionrounds.com/company/noah-medical)
- [NeuroXess](https://millionrounds.com/company/neuroxess)
- [Virtue Diagnostics](https://millionrounds.com/company/virtue-diagnostics)
- [MagAssist](https://millionrounds.com/company/magassist)
- [BDG](https://millionrounds.com/company/bdg)
- [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

10

- [*FT* Full Truck Alliance](https://millionrounds.com/company/full-truck-alliance)
- [PatPat](https://millionrounds.com/company/patpat)
- [*LS* Luoji Siwei](https://millionrounds.com/company/luoji-siwei)
- [Laiye](https://millionrounds.com/company/laiye)
- [Dooluu](https://millionrounds.com/company/dooluu)
- [Xiaodaka](https://millionrounds.com/company/xiaodaka)
- [Animoca Brands](https://millionrounds.com/company/animoca-brands)
- [*E* ENIGMABOT](https://millionrounds.com/company/enigmabot)
- [*W* Wanzhu](https://millionrounds.com/company/wanzhu)
- [Hitales](https://millionrounds.com/company/hitales)

## IT Services

8

- [*JN* Jushuitan Network Technology](https://millionrounds.com/company/jushuitan-network-technology)
- [VanTop](https://millionrounds.com/company/vantop)
- [*H* Huami](https://millionrounds.com/company/huami)
- [ImageDT](https://millionrounds.com/company/imagedt)
- [Floatboat AI](https://millionrounds.com/company/floatboat-ai)
- [Xinlue Shuzhi](https://millionrounds.com/company/xinlue-shuzhi)
- [*YN* Yacheng Network](https://millionrounds.com/company/yacheng-network)
- [*PL* Peak Labs](https://millionrounds.com/company/peak-labs)

## Big Data & Analytics

7

- [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)
- [SelectDB](https://millionrounds.com/company/selectdb)
- [Timecho](https://millionrounds.com/company/timecho)
- [*S* SCAI](https://millionrounds.com/company/scai)

## 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)

## Internet

6

- [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)
- [MoboTap](https://millionrounds.com/company/mobotap)

## Foodtech

6

- [*SI* Snack Is Busy](https://millionrounds.com/company/snack-is-busy)
- [*LL* Letus Legend](https://millionrounds.com/company/letus-legend)
- [v2food](https://millionrounds.com/company/v2food)
- [*S* ShengXianChuanQi](https://millionrounds.com/company/shengxianchuanqi)
- [Saturnbird Coffee](https://millionrounds.com/company/saturnbird-coffee)
- [Sprinter Spirits](https://millionrounds.com/company/sprinter-spirits)

## E-commerce

5

- [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)
- [Outer](https://millionrounds.com/company/outer)

## Segment by segment

### AI

52 startups · $44B 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
- [*Z* **Z.ai**](https://millionrounds.com/company/z-ai) - $5.1B
- [*M* **MiniMax**](https://millionrounds.com/company/minimax) MiniMax develops AI technology for social connections and interaction, converting text into visual, audio, and text to text modes. Singapore $1.2B
- [**Pony.ai**](https://millionrounds.com/company/pony-ai) Leading global autonomous driving technology company Pony.ai, Inc. United States $875M
- [**Genspark**](https://millionrounds.com/company/genspark) Genspark is an all-in-one AI Workspace on a mission to autopilot the busywork for 1 billion+ knowledge workers. United States $575M
- [**ROBOTERA**](https://millionrounds.com/company/robotera) China $345M
- [*AL* **Anew Labs**](https://millionrounds.com/company/anew-labs) China $290M
- [**Canva**](https://millionrounds.com/company/canva) Canva 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

- [*G* **Grail**](https://millionrounds.com/company/grail) United States $1.6B
- [**Structure Therapeutics**](https://millionrounds.com/company/structure-therapeutics) Structure Therapeutics specializes in the discovery and development of drugs against a type of targets called GPCR. United States $748M
- [**Moderna**](https://millionrounds.com/company/moderna) Learn how we’re changing the world of medicine. United States $675M
- [*IM* **Insilico Medicine**](https://millionrounds.com/company/insilico-medicine) Hong Kong SAR China $392M
- [**ArriVent**](https://millionrounds.com/company/arrivent) ArriVent develops pharmaceutical products to cure presently untreatable cancer. United States $325M
- [*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
- [**Frontera Therapeutics**](https://millionrounds.com/company/frontera-therapeutics) Frontera 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

- [**Airwallex**](https://millionrounds.com/company/airwallex) Airwallex is the leading financial technology platform for modern businesses growing beyond borders Australia $1.6B
- [**WeLab**](https://millionrounds.com/company/welab) WeLab is a prominent pan-Asian financial technology group based in Quarry Bay, Hong Kong. Hong Kong SAR China $630M
- [*O* **OPay**](https://millionrounds.com/company/opay) Norway $570M
- [*M* **Monzo**](https://millionrounds.com/company/monzo) United Kingdom $394M
- [**Tabby**](https://millionrounds.com/company/tabby) Tabby is a payments and shopping app that enables customers to make purchases and pay for them in installments. Saudi Arabia $235M
- [**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
- [**Midas**](https://millionrounds.com/company/midas) Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks. Türkiye $89M

### Web3 & Crypto

17 startups · $2.3B raised

- [**Kraken**](https://millionrounds.com/company/kraken) Kraken is one of the world’s longest-standing and most secure crypto platforms. United States $1.7B
- [**RedotPay**](https://millionrounds.com/company/redotpay) RedotPay is a Hong Kong-based fintech company founded in April 2023 by Michael Gao and Jonathan Chan. Hong Kong SAR China $194M
- [*K* **KAST**](https://millionrounds.com/company/kast) Cayman Islands $90M
- [**Vibe**](https://millionrounds.com/company/vibe) Vibe is a streaming TV advertising company for small and medium-sized businesses. United States $87M
- [**Babel Finance**](https://millionrounds.com/company/babel-finance) Babel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary of Hong Kong SAR China $80M
- [**Multichain**](https://millionrounds.com/company/multichain) Multichain is a cross-chain router protocol (CRP) providing a mature real-time CRP system. Singapore $60M
- [**Ping**](https://millionrounds.com/company/ping) Learn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more. United States $33M
- [**AERGO**](https://millionrounds.com/company/aergo) AERGO is an online platform that allows businesses to share data through blockchain networks. Hong Kong SAR China $30M

### Healthtech

14 startups · $2.8B raised

- [**WeDoctor**](https://millionrounds.com/company/wedoctor) China $911M
- [**Medlinker**](https://millionrounds.com/company/medlinker) Medlinker is a Chinese AI healthcare and digital medical services company founded in 2014 in Chengdu. Japan $761M
- [*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. - $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. - $200M
- [**Eight Sleep**](https://millionrounds.com/company/eight-sleep) Eight Sleep is a sleep fitness company based in New York City, founded in 2014. United States $190M
- [**Noah Medical**](https://millionrounds.com/company/noah-medical) Noah Medical is a medical robotics company based in Silicon Valley, founded in 2018. United States $150M
- [**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
- [**Virtue Diagnostics**](https://millionrounds.com/company/virtue-diagnostics) Virtue Diagnostics is a global in vitro diagnostics (IVD) company founded in 2019, with a focus on providing affordable and precis Singapore $100M

### Consumer Apps

10 startups · $2.2B 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. - $1.7B
- [**PatPat**](https://millionrounds.com/company/patpat) PatPat is a shopping app for moms. United States $211M
- [*LS* **Luoji Siwei**](https://millionrounds.com/company/luoji-siwei) Luoji Siwei, a China-based talk show, provides a mobile app which allows users to subscribe to learn from key opinion leaders (KOL - $142M
- [**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
- [**Animoca Brands**](https://millionrounds.com/company/animoca-brands) Animoca Brands is a metaverse and gaming company focused on driving digital property rights through NFTs. Hong Kong SAR China $5.0M
- [*E* **ENIGMABOT**](https://millionrounds.com/company/enigmabot) ENIGMABOT is a programming education service robot developer. - $3.1M

### IT Services

8 startups · $241M raised

- [*JN* **Jushuitan Network Technology**](https://millionrounds.com/company/jushuitan-network-technology) China $146M
- [**VanTop**](https://millionrounds.com/company/vantop) Everyone has a worthy sharing moment. United States $45M
- [*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
- [**Floatboat AI**](https://millionrounds.com/company/floatboat-ai) Floatship AI is an AI Office Environment designed for how real work actually happens. Hong Kong SAR China $2.0M
- [**Xinlue Shuzhi**](https://millionrounds.com/company/xinlue-shuzhi) Xinlueshuzhi is a global consumer digital operation solution provider, helping brands build a "strategy cube". - $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. - $1.4M
- [*PL* **Peak Labs**](https://millionrounds.com/company/peak-labs) Peak Labs focuses on the research and development of information extraction and retrieval technology to transform knowledge. - $476K

### Big Data & Analytics

7 startups · $377M 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. - $31M
- [**Choiceform**](https://millionrounds.com/company/choiceform) Choiceform seamlessly integrates customer, employee, brand, and product experiences into profound strategic insights, empowering e China $30M
- [**SelectDB**](https://millionrounds.com/company/selectdb) SelectDB is a cloud-native real-time data warehouse that serves as an easy-to-use, high-performance, and unified analytical database. - $14M
- [**Timecho**](https://millionrounds.com/company/timecho) Timecho, founded in October 2021, is a prominent provider of IoT-native time-series database management systems based in Beijing, Germany $10M
- [*S* **SCAI**](https://millionrounds.com/company/scai) SCAI is a big data intelligent analysis and intelligent risk management company. - $3.2M

### 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. - $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

### Internet

6 startups · $325M 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
- [**MoboTap**](https://millionrounds.com/company/mobotap) MoboTap is a mobile technology developer. United States $10M

### Foodtech

6 startups · $343M 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. - $147M
- [*LL* **Letus Legend**](https://millionrounds.com/company/letus-legend) Letus Legend is a produce chain supermarket operator. China $73M
- [**v2food**](https://millionrounds.com/company/v2food) V2food is a plant-based meat company that produces legume-based meat alternatives. Australia $52M
- [*S* **ShengXianChuanQi**](https://millionrounds.com/company/shengxianchuanqi) Shengxianchuanqi is a fresh food chain supermarket that mainly provides customers with fresh food and kitchen merchandise. - $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
- [**Sprinter Spirits**](https://millionrounds.com/company/sprinter-spirits) Sprinter Spirits is a vodka soda made with real fruit juice, premium vodka, and sparkling water. United States $10M

### E-commerce

5 startups · $470M 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 - $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
- [**Outer**](https://millionrounds.com/company/outer) Outer 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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[VC firm · Hong Kong SAR China **Qiming Venture Partners** 178 startups · 12 sectors · $59B](https://millionrounds.com/portfolio-maps/qiming-venture-partners-portfolio-map)[VC firm · Hong Kong SAR China **Horizons Ventures** 69 startups · 8 sectors · $11B](https://millionrounds.com/portfolio-maps/horizons-ventures-portfolio-map)[VC firm · Hong Kong SAR China **Lilly Asia Ventures** 63 startups · 3 sectors · $9.5B](https://millionrounds.com/portfolio-maps/lilly-asia-ventures-portfolio-map)[VC firm · Hong Kong SAR China **Elevate Ventures** 62 startups · 12 sectors · $855M](https://millionrounds.com/portfolio-maps/elevate-ventures-3-portfolio-map)[VC firm · Hong Kong SAR China **Amber Group** 54 startups · 3 sectors · $971M](https://millionrounds.com/portfolio-maps/amber-group-portfolio-map)[VC firm · Hong Kong SAR China **Cyberport Hong Kong** 50 startups · 10 sectors · $21M](https://millionrounds.com/portfolio-maps/cyberport-hong-kong-portfolio-map)

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