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%.
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.
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.
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.
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, 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 Announces $150 Million Growth Investment
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.
Meituan Raises $4B in Hong Kong IPO
In one of the biggest IPOs of the year, Meituan, China’s largest online services e-commerce platform, listed in Hong Kong on September 20, 2018, raising more than $4 billion.
Adobe Systems Buys E-commerce Software Provider Magento for $1.68B
On May 21, 2018, Adobe Systems bought California-based e-commerce software company Magento for $1.68 billion. The announcement came 18 months after Hillhouse invested in the company, taking a significant stake.
Meituan Buys Bike Sharing Firm Mobike for $2.7B
Mobike, the bike sharing app that has transformed China’s landscape, was acquired by Meituan Dianping for $2.7B on April 4, 2018. Hillhouse was an early investor in Mobike. The company known for its ubiquitous dockless orange bicycles that are powered by GPS and an easy to use app had made short commutes in China vastly easier in the two-plus years since it launched in early 2015.