In January 2019, Gaobo Medical Group and Beijing University of Traditional Chinese Medicine announced that they would cooperate in the areas of diagnosing and treating various forms of cancer. The two parties will cooperate on training doctors in interdisciplinary approaches to medical treatment, as well as setting up joint research facilities and constructing research hospitals in China.
Hillhouse funded the establishment of an academic initiative at the Renmin University, which is dedicated to the study of AI in the humanities and the field’s impact on society.
In November 2018, Hillhouse invested in Caishixian, a subsidiary of Yonghui, China’s largest fresh food grocery chain. This is a major step forward for the sector, and will significantly modernize how companies in China source food.
When Belle International announced it was accepting a buyout offer in April of 2017 from a consortium led by Hillhouse, management highlighted the need to improve its online and tech-driven offer. Less than two years later the company showed how serious it was during the massive Singles Day shopping event.
Hillhouse and VMG Partners announced a strategic partnership to invest together in innovative consumer brands with differentiated offerings looking to expand their global reach. The two companies have allocated up to $100 million toward investments in high-potential brands in the sector.
GoEuro, the leading booking platform for transport across Europe, has raised $150 million in one of the largest-ever investment rounds in Germany, doubling the company’s total capital raised to date. Hillhouse, a leading investment firm focused on long-term growth through innovation participated in the round.
In one of the biggest IPOs of the year, Meituan, China’s largest online services e-commerce platform, listed in Hong Kong on September 20, 2018, raising more than $4 billion.
In September 2018, Hillhouse announced the close of Hillhouse Fund IV, L.P. The fund was heavily oversubscribed, closing with aggregate commitments of US$10.6 billion. With the new fund, Hillhouse will continue to work closely with entrepreneurs and management teams in pursuit of sustainable, long-term growth.
Hillhouse believes innovation can fundamentally improve people’s lives and that science fuels innovation. Driven by this belief, the firm supports The Future Science Prize Program, awarding $1 million to each of the program’s three prizes every year.
On May 21, 2018, Adobe Systems bought California-based e-commerce software company Magento for $1.68 billion. The announcement came 18 months after Hillhouse invested in the company, taking a significant stake.