HongShan (HSG), formerly known as Sequoia Capital China, is a leading global venture capital and private equity firm investing across technology, healthcare, and consumer sectors. Founded in 2005 by Neil Shen with early guidance from Sequoia Capital, the firm spun off as an independent entity in 2023-2024, rebranding from Sequoia China to HongShan (a pinyin romanization of its Chinese name, meaning "redwood") while retaining its original Chinese name. HSG invests across the full lifecycle - seed, venture, growth, buyout, and infrastructure - and also runs a public equities business (HCEP). The firm manages over USD 61 billion in assets (as of April 30, 2026) and has backed more than 1,700 companies since inception, with 180+ having gone public and 140+ reaching unicorn status. HSG operates from Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore. Notable portfolio companies include Alibaba, ByteDance, Meituan, Pinduoduo, BYD, Nio, Xpeng, Airwallex, Canva, Monzo, and Moderna.
Firms are ranked by cumulative portfolio strength — how many highly-rated API companies they've backed, weighted by tier across composite quality and agent-readiness. The averages below are a secondary read on the typical company in the book.
HongShan (HSG) has 100 portfolio companies tracked on the APIs.io network, of which 32 (32%) publish APIs indexed here. The remaining 68 are tracked as profiles without a published API on the network.
Its highest-rated API providers on the network are Airwallex, PingCAP, Canva, Patsnap, LianLian Global.
Portfolio on the Network
Portfolio companies that publish APIs indexed on APIs.io, grouped by their
API Evangelist rating. Exemplar and Strong are expanded by default.
Exemplar3Complete, well-documented, and agent-ready
The 83 portfolio companies with APIs in the catalog, backed by
HongShan (HSG), scored on the Kin Score. Every figure below is computed from
the catalog — nothing here is written.
A facet is averaged over the members that carry it, not over the whole cohort — the
“Scored” column is that count. Averaging an absent facet as zero would score our own
coverage gaps as the providers’ posture.
What this cohort publishes
Artifact
This cohort
Catalog
Difference
MCP server (any)
16%
11%
+5
MCP server (first-party)
17%
13%
+4
Agent Skills
0%
0%
0
OAuth scopes
11%
12%
-1
Security
100%
96%
+4
Arazzo workflows
1%
2%
-1
Governance rules
4%
13%
-9
mcp_pct counts any mcp/ artifact including ones API Evangelist derived from the provider OpenAPI; mcp_first_party_pct counts only servers the provider publishes. Prefer the latter.
This roster declares 100 members; 99
resolve to a provider in the catalog and 83 carry a score
(84%). The figures above describe the scored members only.Generated from the catalog build of
22 September 2026, across 27674
providers, using the same computation served by the
APIs.io cohort API. Briefs are published for rosters of
5 or more scored providers; below that a distribution is not meaningful.
aid: hongshan
name: HongShan (HSG)
description: >-
HongShan (HSG), formerly known as Sequoia Capital China, is a leading global
venture capital and private equity firm investing across technology, healthcare,
and consumer sectors. Founded in 2005 by Neil Shen with early guidance from
Sequoia Capital, the firm spun off as an independent entity in 2023-2024,
rebranding from Sequoia China to HongShan (a pinyin romanization of its Chinese
name, meaning "redwood") while retaining its original Chinese name. HSG invests
across the full lifecycle - seed, venture, growth, buyout, and infrastructure -
and also runs a public equities business (HCEP). The firm manages over USD 61
billion in assets (as of April 30, 2026) and has backed more than 1,700 companies
since inception, with 180+ having gone public and 140+ reaching unicorn status.
HSG operates from Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and
Singapore. Notable portfolio companies include Alibaba, ByteDance, Meituan,
Pinduoduo, BYD, Nio, Xpeng, Airwallex, Canva, Monzo, and Moderna.
deliveryModel:
model: unknown
open_source: false
commercial: false
callable_host: false
label: Delivery model not determined — needs a product licence on record
confidence: low
source:
- none
generated: '2026-08-28'
method: derived
accessModel:
pricing: unknown
onboarding: unknown
trial: false
try_now: false
public: false
label: Unknown
confidence: low
source: []
generated: '2026-07-22'
method: derived
image: https://www.hsgcap.com/favicon.ico
x-type: venture-capital
x-category: Venture Capital
tags:
- Venture Capital
- Private Equity
- Growth Equity
- Seed
- Venture
- Growth
- Buyout
- Technology
- Healthcare
- China
- Asia
- Global
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.23'
apis: []
common:
- type: Website
url: https://www.hsgcap.com/
- type: Portfolio
url: https://www.hsgcap.com/companies/
- type: Portfolio
url: portfolio/hongshan-portfolio.yml
- type: News
url: https://www.hsgcap.com/insights-and-news/
- type: InvestmentThesis
url: https://www.hsgcap.com/about-us/
- type: Contact
url: mailto:info@hsgcap.com
- type: LinkedIn
url: https://hk.linkedin.com/company/hong-shan
- type: Crunchbase
url: https://www.crunchbase.com/organization/sequoia-capital-china
- type: Features
data:
- 'Stage: Seed, Venture, Growth, Buyout, Infrastructure, Public Equities'
- 'Sectors: technology, healthcare, consumer'
- 'Geography: China, Asia, Europe, global (offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, Singapore)'
- 'AUM: over USD 61 billion (as of April 30, 2026)'
- 'Founded: 2005 (independent from Sequoia since 2023-2024)'
- 'HQ: Hong Kong'
- 'Companies backed: 1,700+ (180+ IPOs, 140+ unicorns)'
sources:
- https://www.hsgcap.com/about-us/
- https://www.hsgcap.com/companies/
updated: '2026-07-17'
maintainers:
- FN: Kin Lane
email: kin@apievangelist.com
url: https://apievangelist.com
- FN: APIs.json
url: http://apisjson.org
- FN: HongShan (HSG)
email: info@hsgcap.com
url: https://www.hsgcap.com/
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