KEY STAT | It’s harvest season for Sequoia China and Hillhouse Capital

Written by Julianna Wu Published on 

The healthcare sector was drawing most of the investor interest.

Hillhouse Capital and Sequoia China have been the two most prolific Chinese venture capital firms in terms of exits via IPOs in the past year, as they respectively saw 27 and 25 of their portfolio companies going public, according to database ITjuzi.

Nine of Sequoia China’s 25 IPOs originated from the healthcare sector, which gained huge attention from investors in 2020 amid the global pandemic.

The number was even larger for Hillhouse, with more than 60% of its IPOs in the pharmaceutical and medical fields.

The two have joined hands four times during the year—in the listing of online real estate broker Beike, electric vehicle maker Xpeng, online healthcare platform JD Health, and Airbnb.

Read this: SPAC attack: Southeast Asian unicorns ditch conventional IPOs

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.


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