Shares of Zoom Video Communications (ZOOM) began trading on April 18, 2019 with an initial public offering that raised $752 million, as the stock initially soared more than 80%.
Updates
There is Only One True Moat in the World
In April 2019, Hillhouse Capital hosted a summit featuring leading entrepreneurs and institutional investors to discuss the future of business innovation and value creation. During the summit, Lei Zhang, founder and CEO of Hillhouse Capital, gave a speech entitled “Let the Miracle Creator Create another Miracle”. He said that there is only one moat in the world, which is entrepreneurs constantly innovating and creating long-term value.
TechCrunch: Moka Raises $27M Led by Hillhouse to Make Hiring More Data-driven
Moka, a startup that wants to make talent acquisition a little more data-driven for China-based companies that range from smartphone giant Xiaomi to Burger King’s local business, announced that it had raised a 180 million yuan ($27 million) Series B round of funding.
Lalamove Raises $300M in Series D Funding
Lalamove, Asia’s leading on-demand delivery & logistics service provider, closed a US $300M in its latest D1 round led by Hillhouse Capital on February 21, 2019.
Animal-Health Technology & Services Company Covetrus Lists on Nasdaq
On February 8, 2019, Covetrus, a leading global animal-health technology and services company, with over $3.5 billion in revenues, listed on Nasdaq.
Harvard Business Review: Belle is Digitizing Customer Engagement
When Belle accepted a Hillhouse-led bid to go private in 2017, it cited the need to leverage technology more efficiently in its business as a key reason. Over the last 18 months, the company has made huge strides in building technology into its business to help consumers get the best personalized products more efficiently.
Gaobo & Beijing University of Traditional Chinese Medicine Announce Partnership
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.
Studying AI’s Impact on Society and the Humanities
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.
Hillhouse Invests in Safe Food Supply Chain Platform Caishixian
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.
Belle International Leverages Technology to Boost Singles Day Sales
When Belle International announced it was accepting a buyout offer in April of 2017 from a consortium led by Hillhouse Capital, 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.
