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 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.
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 Capital, a leading investment firm focused on long-term growth through innovation participated in the round.
On April 28, 2017, footwear and apparel retailer Belle International announced a privatization offer for $6.8 billion by a group of buyers led by Hillhouse Capital. Belle, which distributes some of the biggest names in international sportswear, including Nike, Adidas and Puma, as well as several highly popular Chinese brands that it makes itself, said that the move was a way to increase its competitiveness in the online space.
In Nasdaq’s biggest listing of 2014, JD.com raised $1.9 billion from the public markets, in addition to a concurrent private placement from Tencent.