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.
Updates
Hillhouse-backed Woowa Bros Announces Sale to Germany’s Delivery Hero
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.
Lei Zhang Discusses the Future of Capitalism at Bloomberg New Economy Panel
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.
BeiGene Announces Global Strategic Oncology Collaboration with Amgen
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.
Hillhouse Company Spotlight: Little Freddie
Hillhouse invested in Little Freddie because it believes in the founders’ vision for delicious safe food options for children, and the firm has worked with Little Freddie to find options on and offline to provide as many customers as possible with access to their unique products.
Topsports, the Sportswear Division of Belle, Raises $1 Billion in Hong Kong IPO
In October 10, 2019, Topsports listed on the Hong Kong Stock Exchange, raising $1 billion in proceeds. Topsports’ listing represents one of the largest IPOs in the region in 2019. Despite a rocky macro environment, the quality of the Topsports business and the differentiation of Hillhouse’s tech-enabled approach impressed investors.
Hillhouse Company Spotlight: Adobe & Magento
Mark Lavelle, Magento’s CEO, talks about working with Hillhouse and how the relationship helped open doors for the company in Asia. Mark served as Magento’s CEO, and is now Adobe’s SVP of commerce following Adobe’s acquisition of Magento.
Hansoh Pharmaceutical Raises $1 billion in Hong Kong IPO
On June 14, 2019, Hansoh listed on the Hong Kong Stock Exchange, raising roughly $1 billion in proceeds. The IPO was a resounding success, pricing in what are currently choppy equity market conditions.
Hillhouse Contributes to the Annual Internet Trends Report
Every year, Hillhouse contributes in-depth research to the highly anticipated “Internet Trends Report.” As has been the case for the past few years, the firm prepares a dedicated section on trends in China. Here are the highlights from the 2019 report.
Hillhouse Capital Announces Acquisition of Loch Lomond Group
In June 2019, Hillhouse announced that it is partnering with the management team from Loch Lomond, one of Scotland’s most historic and iconic whisky producers, to acquire Loch Lomond Group.