Yatsen Holding is a leading beauty care company serving 23.5 million customers. Its first brand, Perfect Diary, became the top color cosmetics brand in China in terms of online retail sales just three years after launch. As Yatsen’s largest external shareholder, GL Ventures, the VC arm of Hillhouse Capital, has been supporting the company from its early innings, sharing our industry expertise to help build its competitiveness in marketing strategy, omnichannel integration and tech-enablement.
During National Health Quality Week, we celebrate healthcare professionals who are dedicated to improving healthcare quality, patient outcomes and experience. One such example is the team at GoBroad Healthcare Group, a pioneer in leveraging innovation in both research and operations to advance services and treatments for blood cancer patients, both adults and children. Hillhouse helped found GoBroad and has been a partner with its incredible team of doctors, nurses, and administrators since day one.
MINISO is a global retailer offering a variety of design-led lifestyle products, including home décor, small electronics, textiles, cosmetics, accessories, snacks, stationery and gifts. Since its inception in 2013, MINISO’s store network has grown to more than 4,200 stores globally in over 80 countries. MINISO is well on its way toward fulfilling its long-term vision of delivering creativity, innovation and value to discerning customers worldwide.
Founded in 2007, Genor focuses on bringing innovative, high-quality oncology and autoimmune therapeutics to meet patient needs. Hillhouse has worked closely with the company to build and refine its capabilities in areas such as talent development, clinical strategy development and manufacturing upgrade.
Short-term thinking may deliver financial results, but a long-term horizon enables a sustainable business that creates value for all stakeholders, including employees, customers, shareholders and the society, said Lei Zhang, the founder and CEO of Hillhouse Capital, at a digal panel hosted by FCLTGlobal.
Rational optimism and constant innovation in the willing embrace of change is deeply ingrained in Hillhouse’s DNA. These traits are also what we care about the most when we look for visionary entrepreneurs to be our partner.
Hillhouse is proud to announce the creation of GL Ventures, a program dedicated to early-stage investments. GL Ventures covers four major sectors: healthcare, software services, consumer internet, and emerging consumer brands and services.
The Hillhouse team stands with residents of Wuhan as they collectively combat the coronavirus. Our team and our portfolio companies, including those in the healthcare community, have initiated efforts to deliver aid and information to the affected areas. Here are some examples.
In December 2019, Hillhouse portfolio company Woowa Brothers, the operator of South Korea’s dominant food delivery platform “Baedal Minjok”, announced a deal with Germany’s Delivery Hero, in a move focused on global expansion in Asia. The combined business helps create the largest food delivery platform globally, outside of China.
In November 2019, Hillhouse’s Lei Zhang spoke as a panelist on the future of capitalism at Bloomberg’s New Economy Forum. He discussed how technology could be used as an “equalizer” rather than a “disrupter” to enable long-term success for businesses.
In October 2019, BeiGene and Amgen announced a global strategic oncology collaboration for the commercialization of a series of Amgen’s cancer drugs in China and the development of 20 oncology assets in Amgen’s pipeline to be sold globally. The BeiGene-Amgen cooperation represents the largest ever US-China cross-border biotech transaction.