Notable investments
Tencent Holdings Ltd: Some original $20 million provided from Yale was invested in Tencent Holdings in 2005. It was Hillhouse's earliest investment and one of their most profitable.[14]
JD.com: Hillhouse was an early investor in JD.com. At the time of the listing of JD.com on NASDAQ in May 2014, the company was valued at $26 billion. Hillhouse's original $255 million investment was, at the time of the IPO, valued at $3.9 billion.[15]
Blue Moon: Hillhouse invested in Blue Moon, a liquid detergent maker, in 2010 as its only outside institutional investor.[16][17]
Belle International: In July 2017, Hillhouse purchased footwear company Belle International for $6.8 billion.[18][19]
Global Logistic Properties: Hillhouse, together with Hopu Investment Management, purchased Singapore-based warehouse operator Global Logistic Properties in 2017 for $12 billion. At the time, it was the largest buyout of an Asian company.[19]
Little Freddie: In 2018, Hillhouse began investing in the food sector, including organic baby food and snack manufacturer Little Freddie, a Californian craft beer maker and a pet food brand.[20]
Miniso: In October 2018, Hillhouse signed a strategic investment agreement with Japanese-style retailer Miniso worth RMB 1 billion ($145.6 million).[21]
Philips Domestic Appliances: In August 2021, Hillhouse closed the deal of acquisition on the global domestic appliances business from Dutch conglomerate Philips.[22]
LifeStyles Healthcare: In December 2020, Hillhouse invested in Lifestyles Healthcare, an Australian global manufacturer of sexual wellness products. The company entered the Chinese market in 2006 after acquiring Jissbon.[23]
Gimborn: In 2016 Hillhouse acquired Gimborn, a German producer of cat litter and pet supplements, for an undisclosed sum.[24]
Zoom: Hillhouse was an investor in Zoom Video Communications in an early funding round in February 2015.[25]
Peet's Coffee: In 2017, Peet's announced the formation of Peet's Coffee China, an independently run joint venture formed by Peet's Coffee and Hillhouse.[26]
BeiGene: Hillhouse co-led a round of financing for biotechnology company BeiGene in May 2015.[27]
