2026-09-16
Reuters
2 related
Sources: Shanghai-based Anew Labs, a ByteDance spinoff that uses AI for drug discovery, raised $290M from HSG, IDG Capital, and others at a $1.5B valuation
Chinese social media and internet company ByteDance has completed a $290 million fundraising for its AI drugmaking unit after spinning …
2026-06-19
2026-06-18
The Information
4 related
Sources: the early Chinese backers of Manus, including HSG, ZhenFund, and Tencent, plan to buy the AI startup back from Meta at the $2B price Meta paid
The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid …
2026-05-15
Bloomberg
1 related
Sources: HSG, formerly known as Sequoia China, set up a $3B continuation fund anchored by its ByteDance stake, offering ByteDance exposure at a ~$370B valuation
HSG, the investment firm formerly known as Sequoia Capital China, has closed a $3 billion continuation vehicle anchored by a stake in ByteDance Ltd. …
2026-03-10
2026-02-23
2026-02-22
Wall Street Journal
A profile of Neil Shen of HSG, formerly Sequoia China, which raised $9B from US investors before US restrictions and has funded Manus and other Chinese startups
Neil Shen has long bridged both countries, from working at Sequoia after Yale to his own firm
2025-08-19
TechCrunch
3 related
NYC-based Eight Sleep, which makes the AI-powered Pod smart mattress cover for measuring sleep, raised $100M from HSG and others, after an $86M Series C in 2021
Roughly one in three adults in the U.S. regularly gets insufficient sleep, driving demand for tools that can monitor, analyze, and enhance rest.
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