HSG is an investment platform that nurtures entrepreneurs and invests across all stages of a company's growth, including seed, venture, and buyout investments. It manages funds for institutional investors globally.

M31 Capital is a global investment platform that invests in high-quality growth-stage companies primarily in China, focusing on new technologies and business models. Self-described as a partner to generational companies and inspiring founders, it provides a concentrated portfolio to capitalize on market trends.

M31 Capital

HongShan Capital Group (HSG) | 141,397 followers on LinkedIn. HSG (HongShan Capital Group, formerly known as Sequoia China) is a leading venture capital and private equity firm investing across the technology, healthcare, and consumer sectors.

Since our founding in 2005, we have nurtured entrepreneurship and innovation, backing more than 1,500 companies with transformative technologies, disruptive business models, and high-growth potential. To date, more than 160 HSG portfolio companies have listed on public stock exchanges, while over 140 private portfolio companies have reached unicorn status.

Partner at HSG (formerly Sequoia Capital China)

Xing Liu

Partner & Head of Human Capital - HongShan Capital Group (HSG)

Haiyuan (Chris) Miao

Amy Yuan

Hongshan Capital - VP

Field Ye Yuan

HongShan Capital Group (HSG)

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Metric
Company Name	HSG	M31 Capital
Symbol
MSH ID	COM:HSGCAP	COM:M31CAPITAL
Market	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Financial Services & Finance
Industry	Investment Management	Investment Management
Country	HK	CN
Stage
Employee Count
Website	hsgcap.com	m31capital.com
LinkedIn	hong-shan	m31-capital
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic		1.08K
Web Traffic Growth		3.52
Valuation
Raised Capital

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Revenue (LTM)
Revenue (NTM)
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EBITDA
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Net Income
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Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

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Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

HSGC

COM:HSGCAP

HSG

Company Overview

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Growth Metrics

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Valuation Multiples

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EV Multiple

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Free Cash Flow Yield

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Rule of 40 (LTM)
Rule of 40 (NTM)
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R&D to Revenue
SG&A to Revenue