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 100 (100%) publish APIs indexed here.
Its highest-rated API providers on the network are Airwallex, Canva, LianLian Global, Klook, Lalamove.
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.
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.
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
- Consumer
- China
- Asia
- Global
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.20'
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/