(Yicai Global) Nov. 18 -- Chinese private equity firm Hillhouse Capital Group boosted its investments in healthcare companies to a total of USD13.2 billion in the third quarter.

Hillhouse bought into 22 companies, 10 of which are in the biomedical field, according to a third-quarter report the Beijing-based company released yesterday. It now owns shares in 47 biomedical firms.

The PE firm has stakes in over 200 companies in areas such as biomedicine, medical equipment, medical services and pharmaceutical retail.

Hillhouse also bought into the new energy vehicle and new infrastructure sectors in the three months ended Sept. 30, taking positions in Nio, Li Auto and Xpeng Motors, as well as Contemporary Amperex Technology, which makes car power batteries.

The firm also bought shares in Snowflake, a cloud-based data warehouser and cloud software vendor, and increased its holdings in software supplier Salesforce.

Established in 2005, Hillhouse Capital mainly focuses on Asia, covering the healthcare, consumption and corporate services sectors. The big name Chinese companies it has backed include Tencent Holdings, JD.Com, Alibaba Group Holding, Meituan, Didi Chuxing Technology and Pinduoduo.

Editor: Tom Litting