Let’s talk about it from Da Chengzi:

The company I work for is also considered Hillhouse, and I have some understanding of Hillhouse. Talking about the investment preferences of Zhang Lei and Hillhouse may be able to answer the original poster's question.

1. Small funds or non-professional investors generally invest. Typical examples include Lei Jun who does not invest if he is not an acquaintance, and Zhang Xiaoping who invests based on intuition. But professional investment institutions look at the track. For example, Hillhouse is heavily involved in the innovative medical track. At least one-third of China's entire entrepreneurial pharmaceutical industry is related to Hillhouse, and this relationship is the layout of the entire industry chain of innovative drugs. Zhang Lei is also optimistic about the pet economy and directly integrated the top pet hospital chains in China. However, he also invested in a small company that was about to close down and made pet hospital management software because Zhang Lei wanted to lay out the entire industry chain. In the same way, investing in UFIDA is not an investment in this company, but Hillhouse has invested in hundreds of listed companies. Most of these companies use SAP. Hillhouse feels uneasy and needs to have its own financial management system.

2. Zhang Lei has a famous saying: Do difficult but right things. It is very difficult to make financial software in China, but in the enterprise SaaS service field, there is no real benchmark in China. DingTalk, Xiaohongshu and Zhang Lei are very expensive to enter, so in this field, there are only a few leaders. It has the potential to become China's number one SaaS manufacturer in the next ten years, and UFIDA is considered cheap among them. But the style of Zhang Lei and Hillhouse is not to invest in just one company.

Want to peek into users’ financial data