# HongShan (slim)

> HongShan's investments in AI tools on Anchor Terminal, Moonshot AI and Photon, with each listing's grade and the founders behind it.

- Full: https://www.anchorterminal.com/investors/hongshan/index.md (~600 tokens) · this version ~480 tokens · JSON https://www.anchorterminal.com/investors/hongshan/index.json · canonical https://www.anchorterminal.com/investors/hongshan/
- Index: https://www.anchorterminal.com/llms.txt · API: https://www.anchorterminal.com/api/v1/index.json · MCP: https://www.anchorterminal.com/mcp · Updated: 2026-10-28
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)

Venture firm.

Website: https://www.hongshan.com

## Companies on Anchor Terminal

- **Moonshot AI**
  - [Kimi Code CLI](https://www.anchorterminal.com/tools/kimi-code-cli.md), graded B, 62.1/100
  - [Kimi K3](https://www.anchorterminal.com/tools/kimi-k3.md), graded B, 62.4/100
  - Source: https://gulfnews.com/business/markets/alibaba-leads-record-deal-to-create-25-billion-china-ai-firm-1.101305657
- **Photon**, Seed, October 2026, through HSG
  - [Photon](https://www.anchorterminal.com/tools/photon.md), graded D, 53.6/100
  - Source: https://techcrunch.com/2026/10/01/photon-held-a-funeral-for-mobile-apps-now-it-has-4-5m-to-help-replace-them-with-agents/

## Where they invest

- Agent harnesses, 1
- Open-weight models, 1
- Messaging APIs, 1

## Founders they backed

- [Yang Zhilin](https://www.anchorterminal.com/people/yang-zhilin/), Moonshot AI
- [Zhou Xinyu](https://www.anchorterminal.com/people/zhou-xinyu/), Moonshot AI
- [Wu Yuxin](https://www.anchorterminal.com/people/wu-yuxin/), Moonshot AI

## Questions

### Which AI tools has HongShan invested in?

Anchor Terminal lists Moonshot AI and Photon backed by HongShan.

### How are HongShan's companies graded?

On Anchor Terminal's benchmark, Kimi Code CLI (B, 62.1), Kimi K3 (B, 62.4) and Photon (D, 53.6).

Investors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source.