HongShan split from Sequoia last year as US-China relations worsened. Now, it's eyeing up Europe. [Business Insider]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Business Insider
Investors told BI that HongShan could invest more in Europe and compete with "former family." The Silicon Valley fund, which made prescient bets on the likes of TikTok, Instagram, and YouTube, was spurred to do so by the growing political and trade tensions between the US and China. Each division was given a geographical remit. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The firm's final split date is the end of this month. Now, it appears HongShan wants to muscle in on Europe. HongShan's name appeared among the investors behind British banking fintech Monzo's $435 million funding round in March HongShan, a backer of Chinese tech giants like JD.com and Pinduoduo, could yet look to invest further in the European market, according to six London-based investors familiar with the fund's recent activities. The emergence of HongShan as an active investor in Europe would r
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JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/26/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- JD's page on the SEC website