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, Asia’s leading on-demand delivery & logistics service provider, closed a US $300M in its latest D1 round led by Hillhouse on February 21, 2019.
On February 8, 2019, Covetrus, a leading global animal-health technology and services company, with over $3.5 billion in revenues, listed on Nasdaq.
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.
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.