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Yatsen completes first tranche of $120M convertible notes with Hillhouse joining as co-investor

Company Fundamentals
21 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Yatsen Holding Limited announced the completion of the first tranche of its $120 million convertible senior notes and warrants private placement, with Hillhouse joining as a co-investor alongside Trustar Capital and founder Jinfeng Huang. The funds will support product development, supply chain integration, overseas expansion, and strategic acquisitions. The second tranche is expected later this year. This investment signals strong confidence in Yatsen's growth strategy and long-term value creation.

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