# Hangzhou Hongshan Investment Management

Hangzhou Hongshan Investment Management is an Asset Manager based in Hangzhou, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hangzhou, China
- **Region:** Asia
- **Address:** Hangzhou, Zhejiang, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** visionpluscapital.com
- **LinkedIn:** https://hk.linkedin.com/company/hong-shan

## Regulatory record

- **Reports private funds:** No

## About

HSG, formerly known as Sequoia China, is a leading venture capital and private equity firm investing globally across technology, healthcare, and consumer sectors. It manages over USD 61 billion in assets for institutional investors and has backed more than 1,700 companies since its founding in 2005. More than 180 portfolio companies have gone public and over 140 have reached unicorn status. Its fully integrated platform spans seed, venture, growth, buyout, and infrastructure investing, as well as public equities.

## Sectors

- 硬科技
- 工业智造
- 产业数智化
- 医疗科技
- 跨境出海

## People

- Wu Yongming (Eddie Wu) — Founder, Legal Representative
- Chen Hongliang — Business Partner

## Questions

### Who runs investment decisions at Hangzhou Hongshan?

Eddie Wu serves as founder and legal representative, with Chen Hongliang as a business partner holding a significant equity stake. Day-to-day investment decisions appear to flow through the partnership at Vision Plus Capital, the associated venture firm Wu built with former Alibaba colleagues. The precise investment committee structure is not publicly disclosed.

### How is Hangzhou Hongshan related to Vision Plus Capital?

Hangzhou Hongshan Investment Management functions as a core management entity for Vision Plus Capital, the venture firm Eddie Wu co-founded. Chen Hongliang, a partner at Vision Plus, is a significant shareholder in Hongshan. The two entities share leadership, investment strategy, and an office location in Hangzhou's Xixi Wetland district.

### Does Hangzhou Hongshan participate in fund commitments or only direct deals?

The firm invests directly in technology companies from seed through late-stage rounds. Co-investment structures appear in the Yuanjing investment entities alongside partners such as Binjiang Real Estate Group. There is no public evidence of the firm acting as a fund-of-funds allocator.

### What investment stages does Hangzhou Hongshan typically target?

Strategy spans early stage, seed, start-up, and expansion-to-late-stage venture. This generalist stage coverage mirrors the Vision Plus Capital mandate, which backs founders from initial commercial product through growth rounds in China's technology sector.

## Related profiles

- [Nanjing Xinyuan Industrial Investment Group](https://altss.com/profile/nanjing-xinyuan-industrial-investment-group)
- [Yahao Capital](https://altss.com/profile/yahao-capital)

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Last updated: 2026-08-11T15:06:57.816Z

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