Analyst signals
Metrics use all recorded activity through 21 Jul 2026 across series a, series b. Later-round outcomes are capped at the period end.
These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.
People
No team details are available yet.
Portfolio
Full financing histories for portfolio companies. Highlighted rounds are those where Hillhouse is recorded as an investor.
PhotonPay is a next-generation payment operating system built on stablecoins, offering a borderless stablecoin stack for businesses. It provides products such as checkout, wallet, movement, convert, cards, requests, billing, and expense management, serving clients across travel, B2B trading, eCommerce, digital ads, and payroll sectors.
Style3D develops a world-leading simulation engine for deformable materials, a foundational technology for Physical AI. It provides industrial software and a general-purpose physical AI platform used across fashion and textiles, gaming and animation, and embodied intelligence, serving brands, manufacturers, and fabric/trim suppliers worldwide.
高灯科技是由腾讯发起成立的交易数字化基础设施服务商，提供出行、灵活就业与助老、助农及财税数字化服务。其服务覆盖企业、政府和个人客户。