HongShan (formerly Sequoia China)
Venture capital fundPortfolio in 5 countries: 15 funded startups tracked by Uback, 10 of them in a ranking.
Beijing
Portfolio on Uback
Sorted by Uback rank, then Radar by last round| Company | Uback | Sector | Round backed | Valuation (AI) |
|---|---|---|---|---|
| Midas | #5 Türkiye | Fintech › retail investing app | Series B · USD 80M · Aug 2025 | Hundreds of M$ |
| Culture Amp | #16 Australia | HR tech › employee engagement | Series F · USD 100M · Jul 2021 | Hundreds of M$ |
| Tabby | #1 Buy now, pay later | Fintech › Payments › Buy now, pay later | Secondary share sale · undisclosed · Oct 2025 | Unicorn |
| Aridge | #1 Air taxis (eVTOL) | Mobility & logistics › Aviation › Air taxis (eVTOL) | Funding round · USD 200M · Mar 2026 | Unicorn |
| Hero Esports (formerly VSPO) | #1 Esports | Media, entertainment & gaming › Gaming › Esports | Series C (strategic) · USD 265M · Feb 2023 | Unicorn |
| Volant | #2 Air taxis (eVTOL) | Mobility & logistics › Aviation › Air taxis (eVTOL) | Series C and C+ · USD 440M · May 2026 | Unicorn |
| Shoplazza | #2 Store builders | Commerce & consumer › Merchant tools › Store builders | Series C1 · USD 150M · Jan 2022 | Hundreds of M$ |
| Zuoyebang | #2 Tutoring | Edtech & future of work › K-12 › Tutoring | Series E+ · USD 1.6bn · Dec 2020 | Unicorn |
| WeDoctor | #6 Telemedicine | Healthtech › Access to care › Telemedicine | Equity round · USD 163M · Sep 2022 | Unicorn |
| Dify | #31 Enterprise agents | Artificial intelligence › Agents › Enterprise agents | Pre-Series A · USD 30M · Mar 2026 | Hundreds of M$ |
| Envision Energy | Radar | Energy & climate › Generation › Wind | Growth round · Nov 2021 | Not estimated |
| Smardaten | Radar | Business software › Productivity › No-code | Series B · Apr 2021 | Not estimated |
| Bananain (Beneunder) | Radar | Commerce & consumer › Digital brands › Fashion | Funding round · 2021 | Not estimated |
| Ubras | Radar | Commerce & consumer › Digital brands › Fashion | Series B+ · Sep 2020 | Not estimated |
| Piaoniu | Radar | Media, entertainment & gaming › Sports & events › Ticketing | Series B · Apr 2018 | Not estimated |
Only startups that meet Uback’s eligibility rules are shown. Amounts are round sizes, not the fund’s share. Rounds as reported by public sources.
By sector
Deals tracked per year
Co-investors
formerly Sequoia China ×6 · GL Ventures ×2 · SoftBank Vision Fund ×2 · IFC · QuantumLight · Spice Expeditions · Blue Pool Capital · Boyu Capital · TDM Growth Partners · Gaorong Ventures · Fortune Capital · Stone Venture · China Life Sci-Tech Innovation Fund · NIO Capital · Legend Capital · Alt-Alpha Capital · 5Y Capital · Mizuho Leaguer Investment · NYX Ventures · Savvy Games Group · Tencent · Susquehanna · Morgan Stanley · Today Capital
Investors that joined the same rounds, as reported by public sources.
Last updated: Oct 2026Report a missing dealReport an error
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