Founded in 2005 as Sequoia Capital China by Neil Shen, co-founder of Ctrip and Home Inns, in partnership with Sequoia. It became the dominant venture franchise in China and split from Sequoia in 2023, rebranding as HongShan ("redwood" in Chinese) amid rising US-China tensions.
Multi-stage across seed to buyout in China, with roughly $56B under management; increasingly investing internationally from Hong Kong and Singapore.
Consumer internet, e-commerce, AI, hardware, healthcare, EV/robotics
ByteDance, Meituan, Pinduoduo, JD.com, DJI, SHEIN
Meituan IPO, Pinduoduo IPO, JD.com IPO
Founder Neil Shen topped the Forbes Global Midas List of best venture investors multiple times, the first investor based in China to do so.
| Company | Rounds | Invested |
|---|---|---|
| X Square Robot Robotics | 2 rounds, 1 led | $240M |
| Genesis AI Robotics | 1 round | $105M |
| Swiss-Mile robotics | 1 round, 1 led | $22M |