Investment institution Hillhouse Capital has reportedly been seeking buyers for some of its projects. The firm has responded to the news, claiming that "secondary fund is our new strategy."
Beijing-based investment company Hillhouse Capital is making indiscriminate layoffs, mainly involving employees of varying ranks in the primary market group. A spokesperson for Hillhouse Capital subsequently denied the news.
ZMO.ai, an artificial intelligence enterprise, announced on Wednesday that it has recently completed A-round financing totaling $8 million, led by Hillhouse Capital.
On Tuesday, investment institution Hillhouse Capital denied the rumor that the company had been liquidated after losing over over $30 billion with its Chinese ADR holdings.
HHLR Advisors, the investment management firm of Hillhouse Capital focusing on secondary markets, has released information on its US stock portfolios in the fourth quarter of 2021.
Rotex, a solution provider focusing on the development of flexible bioelectronic technology products, announced that it had completed an A round of financing worth tens of millions of yuan on Thursday.
Chinese venture capital (VC) firm Hillhouse Capital Group and the district government of Xishan in Wuxi, Jiangsu province will set up a 5 billion yuan ($783.5 million) VC fund.
Contemporary Amperex Technology Co., Limited (CATL), a major Chinese producer of batteries, released its Q3 quarterly earnings yesterday, showing revenue of $4.58 billion in the period, up 130.7% year-on-year.
Media reports on August 12 stated that Zhang Lei, CEO of lantouzi.com, faces punishment by border control authorities, not Zhang Lei of Hillhouse Capital.
Hillhouse Capital on Monday denied previous reports that its founder Zhang Lei now faces punishment by border control authorities. The venture capital firm has reported the case to the police and reserved all legal prosecution rights.
According to PEDaily, several independent sources said that Chinese milk tea chain HeyTea is about to complete a new round of funding. At present, the amount of funding for this round has not been disclosed, though the company is currently valued at around $9.27 billion. HeyTea did not comment on the matter.
Energy Monster, China’s largest provider of mobile charging devices, on Thursday officially listed on Nasdaq under the symbol “EM,” becoming the first Chinese shareable charging devices brand to participate in public trading.
Health technology company Philips announced on Thursday that it had signed an agreement to sell its home appliance service to investment firm Hillhouse Capital for 24 billion yuan (about 4.4 billion euros).
On-demand delivery company Lalamove announced Wednesday to have completed its Series E round of financing, raising $515 million.
JD Health, the healthcare branch of Chinese e-commerce and supply chain giant JD.com Tuesday announced the launch of its online health care service “Family Doctor” based on “internet+healthcare” model.