In 2010, JD.com had difficulties in business operations, and Hillhouse Capital’s founder Zhang Lei ignored Dongdong’s US$75 million financing request and forced 300 million yuan to squeeze money. For this reason, Hillhouse was once ridiculed by the group as being stupid and rich. Four years later, JD.com went public in the US, and the 300 million US dollars became 3.9 billion. In addition to JD.com, Hillhouse Capital has also invested in domestic and foreign companies familiar with Didi, Baidu, Gree, Meituan, and the recently listed MINISO. Its fund-raising ability is comparable to KKR, the Wall Street private equity tycoon we talked about before, and has broken the record set by the other party. In 15 years, how has Hillhouse Capital increased in Zhang Lei’s hands?