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Investor profile

HongShan

Venture capital firm · Founded 2005 · Active in 2026

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151 Power Law outcomes Power Law Ranking #45 · Global · 151 Power Law outcomes · Active 2026
Unicorns ↑ 23% 5y
140
Decacorns → 0% 5y
20
Thoroughbreds ↑ 91% 5y
71
Featured in #45Power Law Investor Ranking · Global · 2026Top 0.5%

HongShan is a venture capital firm based in China, founded in 2005. The page below shows 151 Power Law outcomes from HongShan's portfolio — 140 unicorns ($1B+ valuation) and 4 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Transportation · Fintech · eCommerce & Marketplaces; top portfolio geographies are China · USA · Hong Kong. HongShan ranks #45 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

Portfolio analysis

The 151 HongShan Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. China110
  2. USA16
  3. Hong Kong11
  4. Singapore4
  5. Germany2
  6. South Korea2
  7. Australia2
  8. UK1
  9. Seychelles1
  10. Indonesia1
  11. Nigeria1
By sectorCount
  1. Transportation27
  2. Fintech18
  3. eCommerce & Marketplaces17
  4. AI17
  5. Other15
  6. Biotech & Life Sciences14
  7. Other B2B Software10
  8. Edtech8
  9. Health Tech & Medtech6
  10. Food5
  11. Robotics5
  12. Cybersecurity3
By stage enteredCount
  1. Series B+117
  2. Series A21
  3. Seed4
01 · Portfolio market map

HongShan's 151 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
151 of 151 Power Law outcomes
02 · Founder talent

Where HongShan's founders come from — and where they study.

201 founders across the 151 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Tsinghua University and Microsoft are the deepest single pipelines.

LocationCount
China129
United States16
Hong Kong9
United Kingdom8
Germany4
Australia3
Taiwan2
New Zealand1
View on app →
UniversityCount
Tsinghua University14
Stanford University9
Peking University5
Shanghai Jiaotong University4
Tongji University4
The Chinese University of Hong Kong3
Zhejiang University3
The University of Chicago3
UCLA3
Carnegie Mellon University3
+70 more →
Origin companyCount
Microsoft10
Alphabet | Google10
Baidu7
Amazon4
SAP3
Mollie3
Tencent3
Yahoo!3
Dianping3
Groupon3
+28 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
03 · Key people

Key people at HongShan.

Senior investment team at HongShan has not been published on this profile yet.
Suggest the partner roster →
04 · Compare with peers

How does HongShan stack up?

HongShan in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

Sentiment on X

What X is saying about HongShan

An AI-synthesized read of the highest-engagement posts about HongShan on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about HongShan

Recent press, funding announcements, and portfolio moves mentioning HongShan — pulled live from Dealroom's news feed.

See all news

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