Hangzhou Industrial Investment Group Co., Ltd.

Overview

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.

Investment Focus

• 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

Portfolio Companies