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Team Portfolio Raise Champions Essays

F4/HongShan/Activity

HongShan Activity

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

Types

Time range

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

HongShan | Activity | F4

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

New Fund

HongShan raised its first new fund as an independent entity: 18 billion RMB (~$2.5B) to invest in startups.

HongShan RMB Fund 2024 — 18 billion RMB ($2.5B)

JUL 2024