Status
ACTIVE
Global HQ
Hong Kong, Hong Kong
Countries of investment
- China
- Hong Kong
- Singapore
- Japan
- United Kingdom
- Sweden
- Italy
- United States
- Australia
Investment stages
- Pre-Seed
- Seed
- Series A
- Series B
- Series C
- Growth
Industries
- AI
- Consumer Products
- Healthcare
About
HSG, formerly known as Sequoia China, is a leading venture capital and private equity firm investing globally across technology, healthcare, and consumer sectors. With offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, HSG manages over USD 61 billion in assets for institutional investors, as of June 30, 2026. Since its founding in 2005, HSG has backed more than 1,700 companies led by entrepreneurs building transformative technologies and category-defining businesses. To date, more than 180 HSG portfolio companies have gone public, and over 140 have reached unicorn status.
HSG, formerly known as Sequoia China, is a leading venture capital and private equity firm investing globally across technology, healthcare, and consumer sectors. With offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, HSG manages over USD 61 billion in assets for institutional investors, as of June 30, 2026. Since its founding in 2005, HSG has backed more than 1,700 companies led by entrepreneurs building transformative technologies and category-defining businesses. To date, more than 180 HSG portfolio companies have gone public, and over 140 have reached unicorn status.
Investment Thesis
HSG invests globally across technology, healthcare, and consumer sectors, backing founders from seed through growth and beyond. The firm operates a fully integrated platform spanning seed, venture, growth, buyout, and infrastructure investing, alongside public equities. HSG supports portfolio companies with industry expertise and access to an entrepreneurial community built over two decades. Since its founding in 2005, HSG has backed more than 1,700 companies, of which over 180 have gone public.
Manager's Experience
The firm is led by Founding and Managing Partner Neil Shen, a co-founder of successful companies like Ctrip.com and Home Inns, who has consistently ranked as the top venture capitalist globally on the Forbes Midas List. The broader team comprises former entrepreneurs, executives, and specialists with deep operational experience across technology, healthcare, and consumer sectors. This diverse expertise allows the firm to provide hands-on support to its portfolio companies from inception to global expansion.
Team
Neil Shen - Founding & Managing Partner
Kui Zhou - Senior Partner
Xing Liu - Partner
Tiantian He - Partner
Cherry Lu - Partner
Cen Wang - Partner
Luca Schmid - Managing Director
Haiyuan (Chris) Miao - Partner & Head of Human Capital
Brian Y. - Executive Director
Portfolio
Alibaba Group
ByteDance
Meituan
Pinduoduo
JD.com
Didi
NIO
BYD
Xpeng
Airwallex
Canva
Monzo
DJI
Pop Mart
Ant Group
Agile Robots
Amer Sports
ZTO Express
Moderna
ArriVent BioPharma