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Investor profile

Hillhouse Capital

Venture Capital, Private Equity · Founded 2005 · Dongcheng District, China

Website ↗LinkedIn ↗Crunchbase ↗Dealroom ↗

Leading Chinese investment manager

374 portfolio companies Venture Capital, Private Equity · $57B invested · 488 investments · Investor rank #58 · Last investment 7/2026
Portfolio companies ↑ 60% 5y
374
Decacorns ↑ 15% 5y
15
Thoroughbreds ↑ 9% 5y
48
Exits

Hillhouse Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Hillhouse Capital’s transaction record.

Airbnb
$47B IPO · 2020
Entered Series B+Now $77BTravel
Z.ai | Zhipu AI
$6.6B IPO · 2026
Entered Series B+Now $62BEnterprise Software
Sea Group
$4.9B IPO · 2017
Entered Series B+Now $57BGaming
Meituan
acquisition · 2015
Entered Series B+Now $53BTelecom
BeOne Medicines
IPO · 2016
Entered Series ANow $30BHealth
JD Health
$29B IPO · 2020
Entered Series B+Now $7.7BHealth
JD.com
$26B IPO · 2014
Entered Series B+Now $27BHome Living
Full Truck Alliance
$24B IPO · 2021
Entered Series B+Now $6.8BTransportation
Innovent Biologics
$2.0B IPO · 2018
Entered Series B+Now $17BHealth
Ke.com
$2.1B IPO · 2020
Entered Series B+Now $15BReal Estate
XPeng
$8.4B IPO · 2020
Entered Series B+Now $15BEnergy
MiniMax AI
$14B IPO · 2026
Entered Series B+Now $8.2BMedia
Portfolio analysis

Where Hillhouse Capital's portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 374 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. China293
  2. USA38
  3. Singapore9
  4. Hong Kong8
  5. India6
  6. UK3
  7. Finland2
  8. Germany2
  9. Japan2
  10. Netherlands2
  11. South Korea2
  12. Australia1
By sectorCount
  1. Health88
  2. Food33
  3. Robotics31
  4. Enterprise Software29
  5. Transportation25
  6. Energy24
  7. Semiconductors22
  8. Fintech16
  9. Marketing13
  10. Education9
  11. Media9
  12. Fashion8
By stage enteredCount
  1. Series B+188
  2. Series A129
  3. Seed53
By growth stageCount
  1. Late Growth172
  2. Breakout Stage119
  3. Early Growth81
  4. Mature1
Portfolio market map

Inside Hillhouse Capital's portfolio.

The 60 highest-funded portfolio companies, of 374 tracked.

Meituan
Telecom · Decacorn
$53B
DayOne
Energy · Decacorn
$18B
PT. Global Jet Express
Transportation
$451M
Yuanfudao
Education · Decacorn
$16B
Full Truck Alliance
Transportation · Unicorn
$6.8B
Airbnb
Travel · Decacorn
$77B
Ke.com
Real Estate · Decacorn
$15B
Swiggy
Food · Unicorn
$8.4B
Lianjia
Real Estate · Unicorn
$6.0B
Horizon Robotics
Transportation
$653M
NIO
Energy · Decacorn
$11B
LaLaMove
Transportation · Decacorn
$10B
XPeng
Energy · Decacorn
$15B
JD.com
Home Living · Decacorn
$27B
Cred
Fintech · Unicorn
$4.5B
JD Health
Health · Unicorn
$7.7B
GRAIL
Health · Unicorn
$8.0B
Airwallex
Fintech · Decacorn
$11B
WeDoctor
Health · Unicorn
$6.8B
JD Property
Enterprise Software · Unicorn
$3.2B
Traveloka
Travel · Unicorn
$2.0B
Meicai
Food · Unicorn
$7.0B
Hippo Insurance
Fintech
$540M
Z.ai | Zhipu AI
Enterprise Software · Decacorn
$62B
MiniMax AI
Media · Unicorn
$8.2B
Abogen Biosciences
Health · Unicorn
$1.2B
ARIDGE
Transportation · Unicorn
$2.5B
Uxin Group
Transportation
$620M
Mobike
Transportation · Unicorn
$2.7B
Earendil Labs
Health · Unicorn
$3.0B
I-Mab Biopharma
Health
$215M
Market Kurly
Food · Unicorn
$1.6B
Coalition
Security · Unicorn
$5.0B
Sea Group
Gaming · Decacorn
$57B
TARS Robotics
Robotics · Unicorn
$1.9B
Innovent Biologics
Health · Decacorn
$17B
DXY
Health · Unicorn
$2.0B
Gossamer Bio
Health
$187M
Bianlifeng
Food · Unicorn
$1.6B
Innocare
Health · Unicorn
$2.7B
Galaxea AI
Robotics · Unicorn
$2.8B
Hesai
Robotics · Unicorn
$1.8B
Zhejiang Taimei Medical Technology
Health
$237M
HeyTea
Food · Unicorn
$9.3B
Weilong Foods
Food · Unicorn
$2.5B
Omio
Travel
$40M
Chint New Energy Technology(Astronergy)
Energy · Unicorn
$1.6B
Mixue Ice City
Food · Unicorn
$2.8B
Arvinas
Health
Nature’s Fynd
Food · Unicorn
$1.0B
Woowa Brothers
Food · Unicorn
$4.0B
CarDekho
Transportation · Unicorn
$1.2B
Genor Biopharma
Health
$67M
Mafengwo
Travel · Unicorn
$1.8B
Xreal
Consumer Electronics · Unicorn
$1.0B
Constellation Pharmaceuticals
Health · Unicorn
$1.7B
Mogujie
Fashion
CStone Pharmaceuticals
Health
$793M
Thousand Oaks Biopharmaceuticals
Health
$940M
Arrail Dental Clinic
Health
$800M
Portfolio founders

Where Hillhouse Capital's portfolio founders come from.

131 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. China79
  2. United States24
  3. Indonesia5
  4. Australia4
  5. Hong Kong3
  6. India3
  7. Japan2
  8. South Korea2
  9. Spain2
  10. Estonia1
UniversityCount
  1. Tsinghua University13
  2. Harvard University4
  3. Indian Institute of Management, Calcutta3
  4. Peking University3
  5. Purdue University3
  6. Stanford University3
  7. The University of Chicago3
  8. Zhejiang University3
  9. Birla Institute of Technology and Science, Pilani2
  10. Harbin Institute of Technology2
Previous companyCount
  1. Microsoft4
  2. Baidu3
  3. German Aerospace Center2
  4. Goldman Sachs2
  5. GSK2
  6. KPMG2
  7. McKinsey & Company2
  8. NAB - National Australia Bank2
  9. Samsung Electronics2
  10. Siemens2
How Hillhouse Capital stacks up

Similar investors.

Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.

Y Combinator
Accelerator · San Francisco
#64 rank 7,063 companies $1.9T portfolio
Temasek
Sovereign Wealth Fund · Singapore
#13 rank 376 companies $2.8T portfolio
Sequoia
Venture Capital · Menlo Park
#3 rank 1,918 companies $23T portfolio
Bpifrance
Sovereign Wealth Fund · Maisons-Alfort
#92 rank 1,360 companies $167B portfolio
Plug and Play
Venture Capital · Sunnyvale
#435 rank 1,539 companies $283B portfolio
Kleiner Perkins
Venture Capital · Menlo Park
#51 rank 775 companies $8.4T portfolio
Techstars
Accelerator · New York City
#836 rank 2,279 companies $254B portfolio
NEA
Venture Capital · Menlo Park
#36 rank 1,184 companies $2.5T portfolio
Every figure on this page is sourced live from the Dealroom next-gen API. Sections v1 shows that the API does not yet expose — shareholding-based holdings, Power-Law rankings & vintage time-series, entity-filtered news, and market sentiment — are omitted here rather than sourced elsewhere.