HSG (HongShan Capital Group), formerly Sequoia Capital China, is a leading venture capital and private equity firm investing globally in technology, healthcare, and consumer sectors.

Hong Kong, China · 15+ investments · 33 portfolio companies

Seed
Early Stage
Growth
Late Stage
Fintech
Healthcare
Headquarters
Hong Kong, China
Founded
2005
Website
hsgcap.com
AUM
$55.0B
Portfolio Companies
33
Total Investments
15
Last Investment
Apr 2026
Geographic Focus
Asia, China, Global

Investment Thesis

Backs transformative technology, healthcare, and consumer companies globally from seed to buyout.

HSG is an Other based in Hong Kong, China. It has made 15 investments, including RedotPay, GROWATT and AbelZeta Pharma. Focus areas include Fintech and Healthcare.

Portfolio33

Co-investors24

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24 co-investors across 97 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×15 · Growth Equity ×3 · Corporate VC ×2 · 19 shared rounds

Investment History

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