Team Portfolio Raise Essays

F4/HongShan/Activity

HongShan Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

Investment

HongShan completed a controlling stake acquisition (~80%) of PeierTech, a medical-grade nitinol material and precision component manufacturer based in Jiangyin, China. Partner Jia Qin led the deal.

佩尔科技

佩尔科技 HongShan

HongShan | Activity | F4

hongshan.com

OCT 8, 2026

OCT 8, 2026

3 exits· AUG 2026 – SEP 2026Show all

Exit

MECH MIND (梅卡曼德), an AI and robotics company backed by HongShan, successfully went public on the same day as SHEIN.

MECH MIND

MECH MINDHongShan

hongshan.comSEP 1, 2026

SEP 1, 2026

Exit

SHEIN, the global fast fashion e-commerce company backed by HongShan, successfully went public.

Shein

hongshan.comSEP 1, 2026

SEP 1, 2026

Exit

Unitree Robotics (宇树科技), a leading quadruped robot company and HongShan's portfolio company since 2019 Pre-A seed investment, successfully went public. HongShan was the earliest institutional investor.

Unitree Robotics

Unitree Robotics HongShan

hongshan.comAUG 19, 2026

AUG 19, 2026

Investment

HongShan made an exclusive investment in Zhang Xue Motorcycles, a Chinese high-performance motorcycle manufacturer competing in WorldSSP. HongShan partner Su Kai led the deal.

张雪机车

张雪机车 HongShan

hongshan.comAUG 13, 2026

AUG 13, 2026

Essay

HongShan introduced xbench, an evergreen benchmark framework for evaluating AI agents, demonstrating deep AI research capabilities.

xbench: Evergreen Benchmark for AI Agents

Added recently

3 exitsShow all

Exit

Portfolio company RIVR (formerly Swiss-Mile), maker of wheeled quadruped robots, was acquired by Amazon.

RIVR (Swiss-Mile)

RIVR (Swiss-Mile)HongShan

therobotreport.com

Added recently

Exit

Portfolio company Horizon Robotics (AI chips for automotive) went public.

Horizon Robotics

Horizon Robotics HongShan

Added recently

Exit

Portfolio company Pony.ai (autonomous driving) successfully went public.

Pony.ai

Pony.ai HongShan

Added recently

New Fund

HongShan raised a $3 billion continuation fund to transfer existing investments.

HongShan $3B Continuation Fund

caproasia.comMAY 2026

MAY 2026

Investment

Acquired majority stake in Italian luxury fashion brand Golden Goose for €2.5B.

Golden Goose

Golden Goose HongShan

DEC 2025

Team Change

HongShan opened a Tokyo office, hiring an ex-Bain Capital dealmaker to lead its Japan push.

HongShan Opens Tokyo Office

reuters.comFEB 2025

FEB 2025

Investment

Acquired majority stake in Marshall Group (audio equipment brand) for $1.1 billion — HSG's largest European investment.

Marshall Group

Marshall Group HongShan

bloomberg.comJAN 2025

JAN 2025

News

HongShan opened a London office to target European investment opportunities.

HongShan Opens London Office

bloomberg.comOCT 2024

OCT 2024

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