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
Get the full list of 54,000+ investors
Hangzhou Industrial Investment Group Co., Ltd. and every other firm and angel in the database — as one spreadsheet you keep.
$19one-time payment · no subscription- All 54,000+ investors — VC firms, private equity, family offices and angels
- The key person to contact at each one, with their job title
- Their work email address
- Their phone number
- Their LinkedIn profile
- Delivered as a single .xlsx file — download it as many times as you like
Every profile on this site is one row of the file, with the contact details masked — browse a few before you buy.
Frequently asked questions about Hangzhou Industrial Investment Group Co., Ltd.
What sectors does Hangzhou Industrial Investment Group Co., Ltd. invest in?
Hangzhou Industrial Investment Group Co., Ltd. invests in Technology, Healthcare, Energy, Consumer Goods, Real Estate and Telecommunications, and is based in Zhejiang, China. Hangzhou Industrial Investment Group Co., Ltd. is listed as a sovereign wealth fund in the ConnectSafely investor database.
What stage does Hangzhou Industrial Investment Group Co., Ltd. invest at?
Hangzhou Industrial Investment Group Co., Ltd. backs companies at Seed, Early Stage, Series A, Series B, Growth and Late Stage, writing cheques of 1M - 50M.
Which regions does Hangzhou Industrial Investment Group Co., Ltd. invest in?
Hangzhou Industrial Investment Group Co., Ltd. invests across China.
What companies has Hangzhou Industrial Investment Group Co., Ltd. invested in?
Hangzhou Industrial Investment Group Co., Ltd.'s portfolio includes CIEC Group, ZC Rubber, Goldfish Electrical, Hangcha Group, Zhang Xiaoquan Scissors, Wang Xingji Fan, Elu.AI and Lingxi AR.
Last updated · Source: ConnectSafely investor database
