Hangzhou Industrial Investment Group Co., Ltd.
Investment Details
Investor Type
Sovereign Wealth Fund
Asset Class Focus
Venture Capital, Private Equity
Stage Focus
Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO
Geographical Focus
China
Industries Focus
- Technology
- Healthcare
- Energy
- Consumer Goods
- Real Estate
- Telecommunications
- Media
- Finance
- Automotive
- Retail
- Education
- Agriculture
- Transportation
- Manufacturing
- Environmental Services
Investment Size:
1,000,000 to 50,000,000 USD
Investor Details Founded: 2001
Hangzhou Industrial Investment Group Co., Ltd. (HIIG) is a state-owned enterprise under the Hangzhou municipal government, focusing on industrial investment and development. HIIG achieved a revenue of 264.75 billion yuan ($37.04 billion) in 2023, a 49-percent increase, while also seeing a 14-percent increase in net profit. The group directly holds stakes in 34 companies and has invested in over 300 projects. Notable enterprises under HIIG include CIEC Group, ZC Rubber, Goldfish Electrical, and Hangcha Group, and renowned brands like Zhang Xiaoquan Scissors and Wang Xingji Fan.
HIIG has made 6 investments, with its most recent investment on March 25, 2025, when Elu.AI raised a new funding round. The group has raised a single venture fund, Hangzhou Zhitou (Hangzhou) Industrial Investment Fund, announced on March 4, 2025. The fund focuses on industrial investment and development, aiming to bolster Hangzhou's position as a major AI hub.
In August 2024, HIIG made its debut on the Fortune Global 500 list at 402nd place, marking the first time a municipal SOE from Hangzhou has been included in the Global 500. This achievement underscores HIIG's significant role in driving economic growth and industrial development in Hangzhou and beyond.
Requirements
- Focus on industrial investment and development
- Preference for high-growth companies in strategic emerging industries
- Interest in sectors such as technology, healthcare, manufacturing, energy, and consumer goods
Contact
[Official Website Hidden]
[HQ Location Hidden]
[Email Hidden]
[Contact Number Hidden]
Portfolio Companies
- CIEC Group
- ZC Rubber
- Goldfish Electrical
- Hangcha Group
- Zhang Xiaoquan Scissors
- Wang Xingji Fan
- Elu.AI
- Lingxi AR
- West Lake Yanshan Technology
- Skylimit Entertainment Group
- Chint Anneng Digital Energy
- Huqing Yutang
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