HSG

HSG, formerly known as Sequoia Capital China, is a prominent venture capital and private equity firm with a global focus on technology, healthcare, and consumer sectors. Established in 2005, HSG operates offices in key international cities including Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, managing over $55 billion in assets for leading institutional investors. The firm has supported over 1,500 companies, fostering innovation and entrepreneurship through investments in transformative technologies and high-growth business models. HSG has a track record of success, with more than 160 portfolio companies having gone public and over 140 achieving unicorn status. It has developed a comprehensive investment platform that encompasses seed, venture, growth, buyout, and infrastructure investing, as well as public equities. HSG is dedicated to empowering entrepreneurs and companies to create enduring enterprises while delivering strong returns to its limited partners. Through its extensive resources and industry expertise, HSG provides significant advantages to the companies it partners with.

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Amit Jain

Managing Director

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Enita Pu

Partner

Harshjit Sethi

Managing Director

Tejeshwi Sharma

Managing Director

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Social Network

0xPPL

Seed Round in 2024
0xPPL brings together people who have similar interests in cryptocurrencies, providing an ecosystem where users can track crypto assets and non-fungible tokens (NFTs) traded by those they follow.

Xiaohongshu

Secondary Market in 2024
Xiaohongshu, founded in 2013 and based in Shanghai, is a lifestyle sharing platform that facilitates the exchange of experiences through text, images, and videos. Initially created to assist overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle topics, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform allows users to post their favorite products, share shopping experiences, and discover global merchandise, particularly in the luxury and fashion sectors. It serves as both a social network and a social e-commerce platform, enabling users to review and purchase products from abroad.

Xiaohongshu

Secondary Market in 2023
Xiaohongshu, founded in 2013 and based in Shanghai, is a lifestyle sharing platform that facilitates the exchange of experiences through text, images, and videos. Initially created to assist overseas travelers with shopping, it has transformed into a vibrant community focused on various lifestyle topics, including cosmetics, fashion, food, travel, entertainment, reading, fitness, and childcare. The platform allows users to post their favorite products, share shopping experiences, and discover global merchandise, particularly in the luxury and fashion sectors. It serves as both a social network and a social e-commerce platform, enabling users to review and purchase products from abroad.

Forking

Seed Round in 2022
Fork Point is a VR content production service provider dedicated to creating authentic social experiences in virtual worlds. Currently exploring the field of VR games, this will be an immersive VR game that has never appeared on the market. Fork Point wants to be a virtual reality community, hoping to create a real social experience in the virtual world, so that people can experience the colorful world together more freely.

BUD

Series B in 2022
BUD, founded in 2019 by former Snap engineers Risa Feng and Shawn Lin, is a Singapore-based company that operates a user-generated open metaverse gaming platform. This platform connects millions of virtual worlds created by a community of approximately 9 million creators. Since its global launch in November 2021, BUD has rapidly gained popularity, ranking among the top 10 social apps in over 38 countries, including regions in North America, Southeast Asia, and South America. The platform allows users to easily customize 3D worlds through a simple drag-and-drop interface, enabling the creation and sharing of interactive experiences that range from social hangouts to competitive games. BUD has evolved into a vibrant digital social hub where users can create, play, and interact with 3D content alongside friends.

KAWO 科握

Series A in 2022
KAWO is an enterprise SaaS Chinese social media management platform for WeChat, Weibo, Douyin & Kuaishou. KAWO connects teams across the globe providing data insights, greater transparency, and increased efficiency. We help international brands in China be more authentic and consistent on social media. Founded in 2013, KAWO’s experienced team is focused on delivering high-quality solutions allowing our clients to iterate fast in China’s rapidly changing social landscape. 科握将分布在全球的工作团队连接在一起,提供市场数据解读,增强流程透明化,提高团队效率。我们帮助国际品牌在中国树立更可靠的品牌形象并与其全球策略保持一致。 科握成立于2013年,我们富有经验的团队始终关注于提供高质量的解决方案,帮助我们的客户在快速变化的中国社媒营销市场中脱颖而出。

With

Angel Round in 2022
With creates a warm voice companion community. It is a community app that integrates functions such as voice mic interaction, voice radio, dynamic circles, theme chat, and covers emotional radio, music cover, dubbing Pia drama, and other voice content.

Vland

Series A in 2021
Vland is a social interactive cloud platform that provides real-time audio, game, and video technology to create virtual space as a service.

KAWO 科握

Seed Round in 2021
KAWO is an enterprise SaaS Chinese social media management platform for WeChat, Weibo, Douyin & Kuaishou. KAWO connects teams across the globe providing data insights, greater transparency, and increased efficiency. We help international brands in China be more authentic and consistent on social media. Founded in 2013, KAWO’s experienced team is focused on delivering high-quality solutions allowing our clients to iterate fast in China’s rapidly changing social landscape. 科握将分布在全球的工作团队连接在一起,提供市场数据解读,增强流程透明化,提高团队效率。我们帮助国际品牌在中国树立更可靠的品牌形象并与其全球策略保持一致。 科握成立于2013年,我们富有经验的团队始终关注于提供高质量的解决方案,帮助我们的客户在快速变化的中国社媒营销市场中脱颖而出。

Probo

Seed Round in 2021
Probo is an opinion sharing and trading platform that facilitates the exchange of predictions regarding future events across various topics, including finance, sports, entertainment, and news. The platform allows users to share their viewpoints and engage in discussions, rewarding participants for their contributions. By enabling individuals with differing opinions to trade their insights at mutually agreed prices, Probo creates a dynamic environment for idea-sharing and opinion trading. This innovative approach not only fosters diverse perspectives but also allows users to monetize their opinions.

Stockbit

Series C in 2021
Stockbit is an investment community based in Indonesia that facilitates the sharing of stock-related ideas, news, and financial information in real-time. The platform allows users to create profiles, follow specific stocks, and engage with preferred investors to exchange valuable insights. By focusing on the Indonesian market, Stockbit offers tools for monitoring stock price trends and provides comprehensive financial data, enabling individuals and investors to discuss, analyze, and make informed investment decisions. This community-driven approach fosters collaboration among users, enhancing their investment strategies and knowledge.

JAXIM Network Technology

Series A in 2019
JAXIM is located in Hangzhou. The team is composed of dozens of experienced product development engineers. It is committed to providing core technology based on big data and optimizing the comprehensive experience of user mobile phone information aggregation. The strategic target product of the step network technology is the mobile terminal. The content social APP first creates a one-stop aggregation platform for user fragmentation information, thereby guiding user content sharing to enhance the user experience, thereby constructing a content-based social relationship chain, and finally forming an organic closed-loop community.And the prouduct name is 【Notification Master】。

Blueberry Technology

Series B in 2019
The product is a social platform for locating strangers in the field of youth culture. Apart from the inherent mode of social APP, the product not only has a set of user matching algorithms, but also helps to meet the analysis by analyzing user images, LBS, target language (interest group) and other information. Tonal matching users of the same kind, also provide offline precision activities for users with the same cultural beliefs, and open the closed loop of online platforms to offline social scenes.

Beidian

Series A in 2019
Beidian providing consumers with home, clothing, food, beauty, mother and baby, etc. good stuff. Different from the traditional platform, the store communicates through the social sharing of people, realizes the three-way connection between consumers, shopkeepers and supply chain, and delivers selected good goods to consumers. Badian adheres to the source supply chain model and has reached in-depth cooperation with tens of thousands of high-quality brands, source factories and agricultural products bases around the world to ensure that consumers can spend less money to buy better products.

Medlinker

Series D in 2018
Medical Alliance is a post of physician social service platform. Users are certified doctors working in the Medical Alliance, they can share knowledge, experience and insights with the other industry elite, to continue to provide high quality content for each other. Application provides a medical quiz, map that case, the anonymous social circles and doctors and other functions, is committed to helping physicians groups, more convenient access to high-quality information from the industry

Flow

Series A in 2018
Flow is a social application based on photo editing and sharing.

Qin's Entertainment

Seed Round in 2018
Qin's Entertainment is an idol incubation company that provides a platform aimed at supporting new Chinese artists and facilitating international professional teams. The company's services focus on nurturing talent and fostering connections between celebrities and their fans, as well as engaging with the broader market. By creating a supportive environment for aspiring idols, Qin's Entertainment aims to enhance the visibility and career prospects of emerging artists in the entertainment industry.

Xiaodaka

Series A in 2017
Xiaodaka is a social app that provides check-in management and data record service.

Medlinker

Series C in 2017
Medical Alliance is a post of physician social service platform. Users are certified doctors working in the Medical Alliance, they can share knowledge, experience and insights with the other industry elite, to continue to provide high quality content for each other. Application provides a medical quiz, map that case, the anonymous social circles and doctors and other functions, is committed to helping physicians groups, more convenient access to high-quality information from the industry

nearbuy

Venture Round in 2017
nearbuy India Private Limited operates an online platform that connects customers with local merchants throughout India, facilitating the discovery and purchase of various services and products. The platform offers deals and coupons across a wide range of categories, including dining, wellness, entertainment, electronics, travel, and home goods. Formerly known as Groupon India, the company rebranded in 2015 and has positioned itself as a hyper-local e-commerce destination. It serves as a social hub where users can explore local experiences, from dining at restaurants to enjoying spa services, thereby enriching their interaction with the community. Founded in 2010 and based in New Delhi, nearbuy has evolved into a significant player in the local business ecosystem, operating as a subsidiary of Little Internet Pvt. Ltd. since 2017.

Gengmei

Series B in 2015
Gengmei is a Chinese social networking app focused on cosmetic surgery and beauty services. Established in 2013, the platform serves as a professional micro-plastic surgery resource, offering a range of consumer medical services including plastic surgery, dental care, ophthalmology, and anti-aging treatments. Gengmei aims to assist beauty seekers in efficiently finding qualified doctors while minimizing risks associated with cosmetic procedures. The application features a wealth of information, social networking opportunities, and e-commerce channels tailored for individuals interested in cosmetic enhancements. With a database of 3.4 million documented plastic surgery cases spanning 204 cities and five countries, Gengmei has supported 22 million users in their beauty journeys.

nearbuy

Venture Round in 2015
nearbuy India Private Limited operates an online platform that connects customers with local merchants throughout India, facilitating the discovery and purchase of various services and products. The platform offers deals and coupons across a wide range of categories, including dining, wellness, entertainment, electronics, travel, and home goods. Formerly known as Groupon India, the company rebranded in 2015 and has positioned itself as a hyper-local e-commerce destination. It serves as a social hub where users can explore local experiences, from dining at restaurants to enjoying spa services, thereby enriching their interaction with the community. Founded in 2010 and based in New Delhi, nearbuy has evolved into a significant player in the local business ecosystem, operating as a subsidiary of Little Internet Pvt. Ltd. since 2017.

Rounds entertainment

Series B in 2015
Rounds Entertainment Ltd. develops mobile applications that facilitate social interaction through video and entertainment. The company's flagship product, Rounds, allows users to connect with friends, meet new people, play games, watch videos, and listen to music. By integrating online entertainment with video communication, Rounds aims to create live, engaging experiences across various social networks, operating systems, and devices. Additionally, Rounds offers cross-platform solutions, including a web version and applications compatible with Facebook and desktop environments. Founded in February 2008 by Dany Fishel, Ilan Leibovich, and Dimitry Shestek, Rounds was initially known as 6rounds until it rebranded in August 2010. The company is headquartered in Tel Aviv, Israel, and has operated as a subsidiary of Kik Interactive, Inc. since January 2017.

Medlinker

Series A in 2015
Medical Alliance is a post of physician social service platform. Users are certified doctors working in the Medical Alliance, they can share knowledge, experience and insights with the other industry elite, to continue to provide high quality content for each other. Application provides a medical quiz, map that case, the anonymous social circles and doctors and other functions, is committed to helping physicians groups, more convenient access to high-quality information from the industry

HunterOn

Series B in 2014
HunterOn is a social headhunter recruitment platform that specializes in medium to high-end job placements. Developed and operated by HunterOn Network Technology (Shanghai) Co., Ltd., the platform connects enterprises with headhunting service providers, facilitating efficient talent acquisition. With over 1,300 headhunting companies registered and more than 10,000 headhunter consultants, HunterOn has successfully enabled numerous organizations to find qualified candidates quickly. The platform has also seen substantial activity, with headhunting companies recommending nearly 1,000 candidates, leading to significant revenue generation for these firms.

Dayima

Series C in 2014
Dayima Little Helper is a mobile application focused on providing menstrual period nursing help for women. In addition to the basic calendar function, Dayima also offers tailored and targeted tips to help users obtain the conditioning plan through the professional test. Dayima also has many interaction functions like forum, voting, and more.

Momo

Series D in 2014
Momo is a free location-based services instant messaging application that enables smartphone users to chat with people nearby. It allows users to connect with others in the same location and share free texts, audio notes, and photographs over the internet. The app helps users find like-minded people around them anywhere and anytime. Since its launch in August, 2011, Momo has since registered 80 million users after two years and three months. The number of daily active users is 13 million and the number of monthly active users is 39 million. An average of 500 million messages are generated daily during one-on-one conversations or group chatting.

Gengmei

Series A in 2014
Gengmei is a Chinese social networking app focused on cosmetic surgery and beauty services. Established in 2013, the platform serves as a professional micro-plastic surgery resource, offering a range of consumer medical services including plastic surgery, dental care, ophthalmology, and anti-aging treatments. Gengmei aims to assist beauty seekers in efficiently finding qualified doctors while minimizing risks associated with cosmetic procedures. The application features a wealth of information, social networking opportunities, and e-commerce channels tailored for individuals interested in cosmetic enhancements. With a database of 3.4 million documented plastic surgery cases spanning 204 cities and five countries, Gengmei has supported 22 million users in their beauty journeys.

Dayima

Series B in 2013
Dayima Little Helper is a mobile application focused on providing menstrual period nursing help for women. In addition to the basic calendar function, Dayima also offers tailored and targeted tips to help users obtain the conditioning plan through the professional test. Dayima also has many interaction functions like forum, voting, and more.

Changba

Series B in 2012
Changba is a Chinese smartphone application that offers a portable solo KTV booth for users. Users of Changba are able to upload their own renditions onto Sina, Weibo or Tencent’s Qzone, and even create accompanying photo slides. Other options include browsing other people’s songs and commenting or sending virtual flowers if the users enjoyed them. Changba has created a number of in-app celebrities with thousands of fans. Secondly, Changba has a filtering facility including built-in automatic sound mixers and echo effects. Changba was founded by Chen Hua. In February 2011, this application attracted $2 million of funding from BlueRun Ventures.

Onavo

Series B in 2012
Onavo, founded 2010, is the company behind Onavo Insights, the largest mobile intelligence service, and the developer of the award-winning Onavo mobile utility apps. Onavo Insights market intelligence data, powered by fully anonymized data from Onavo's apps, powers business decisions in companies in verticals diverse as finance, gaming, entertainment and social networking, and reports are cited regularly in the press as the primary barometer of the mobile app ecosystem.

Boyaa Interactive

Series A in 2011
Boyaa Interactive is a social network application developer and operator of chat room systems and SNS games. It currently operates a number of well-known games including card and board games such as Texas Hold’em, Fight the Landlord, 13-Tile Mahjong, 16-Tile Mahjong, Big Two, Liar’s Dice, and other types of online games such as Ant Wars and Happy Babies. Boyaa Interactive was founded in 2004 and currently holds a double soft certification.

Onavo

Series A in 2011
Onavo, founded 2010, is the company behind Onavo Insights, the largest mobile intelligence service, and the developer of the award-winning Onavo mobile utility apps. Onavo Insights market intelligence data, powered by fully anonymized data from Onavo's apps, powers business decisions in companies in verticals diverse as finance, gaming, entertainment and social networking, and reports are cited regularly in the press as the primary barometer of the mobile app ecosystem.

SkyMobi

Series B in 2008
SkyMobi is a leading mobile application platform and mobile games publisher in China. The Company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles. Users of its Maopao store can browse, download and enjoy a range of applications and content, such as single-player games, mobile music and books on various mobile handsets with different hardware and operating system configurations. The Company's mobile social network community in China, the Maopao Community, offers mobile social games, as well as applications and content with social network functions to its registered users. The Company is based in Hangzhou, China.

SkyMobi

Series A in 2007
SkyMobi is a leading mobile application platform and mobile games publisher in China. The Company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles. Users of its Maopao store can browse, download and enjoy a range of applications and content, such as single-player games, mobile music and books on various mobile handsets with different hardware and operating system configurations. The Company's mobile social network community in China, the Maopao Community, offers mobile social games, as well as applications and content with social network functions to its registered users. The Company is based in Hangzhou, China.

Shaadi.com

Venture Round in 2006
Shaadi.com is an online matchmaking site built especially for South-Asians. Besides one of most visited sites in India, it boasts more than 100 physical centers in 80 cities in India. Shaadi.com, one of India's best known brands and the world's largest matrimonial service was founded with a simple objective - to help people find happiness. The company pioneered online matrimonials in 1996 and continues to lead the exciting matrimony category after more than a decade. By redefining the way people meet for marriage, Shaadi.com has created a world-renowned service that has touched over 20 million people. Learn More at http://www.shaadi.com/introduction/letter-from-cmd.php

Followap

Series C in 2005
Followap was the leading provider and pioneer of mobile Messenger - Instant Messaging and Presence solutions to the mobile industry. It was founded and managed by Dan Volach and Ben Volach when mobile Internet was just born. By the time it was acquired, it had over 20 mobile operators many of them tier-ones, serving a combined user base of over 200 million subscribers. Followap’s products enabled operators to establish advanced, interoperable mobile Messenger and presence-enhanced services, which were key for next-generation networks. Followap held numerous patents and was actively contributing to industry standardization efforts in forums including OMA, XMPP, IETF, 3GPP and the GSM Association. Followap cooperated with device manufacturers including Samsung, Nokia and LG. Followap has launched the first commercial mobile Messenger service in the year 2000 in partnership with Eircell, Ireland's largest mobile network. Other key customers of Followap included the Vodafone Group, Hutchison 3G Group, BT Group, Turkcell, Telecom Italia, Wind and Vimpelcom. The mobile Messenger which Followap pioneered evolved into extremely popular services following the introduction of the iPhone and App stores for wide-market distribution. These include Whatsapp, Line, QQ, WeChat and KakaoTalk. Its interconnect products included Interconnectivity, an important GSMA initiative for mobile operators, for the global adoption of instant messaging, across networks, and mobile phones. The company was founded in 1999 and was headquartered in London, the United Kingdom with offices in Europe, the United States and Asia.

Followap

Series C in 2005
Followap was the leading provider and pioneer of mobile Messenger - Instant Messaging and Presence solutions to the mobile industry. It was founded and managed by Dan Volach and Ben Volach when mobile Internet was just born. By the time it was acquired, it had over 20 mobile operators many of them tier-ones, serving a combined user base of over 200 million subscribers. Followap’s products enabled operators to establish advanced, interoperable mobile Messenger and presence-enhanced services, which were key for next-generation networks. Followap held numerous patents and was actively contributing to industry standardization efforts in forums including OMA, XMPP, IETF, 3GPP and the GSM Association. Followap cooperated with device manufacturers including Samsung, Nokia and LG. Followap has launched the first commercial mobile Messenger service in the year 2000 in partnership with Eircell, Ireland's largest mobile network. Other key customers of Followap included the Vodafone Group, Hutchison 3G Group, BT Group, Turkcell, Telecom Italia, Wind and Vimpelcom. The mobile Messenger which Followap pioneered evolved into extremely popular services following the introduction of the iPhone and App stores for wide-market distribution. These include Whatsapp, Line, QQ, WeChat and KakaoTalk. Its interconnect products included Interconnectivity, an important GSMA initiative for mobile operators, for the global adoption of instant messaging, across networks, and mobile phones. The company was founded in 1999 and was headquartered in London, the United Kingdom with offices in Europe, the United States and Asia.
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