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    <submissionType>13F-NT</submissionType>
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      <liveTestFlag>LIVE</liveTestFlag>
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        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0001510589</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>06-30-2020</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>06-30-2020</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>HILLHOUSE CAPITAL MANAGEMENT, LTD.</name>
        <address>
          <ns1:street1>C/O DMS HOUSE, 20 GENESIS CLOSE</ns1:street1>
          <ns1:street2>PO BOX 2587</ns1:street2>
          <ns1:city>GEORGE TOWN, GRAND CAYMAN</ns1:city>
          <ns1:stateOrCountry>E9</ns1:stateOrCountry>
          <ns1:zipCode>KY1-1103</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F NOTICE</reportType>
      <form13FFileNumber>028-14183</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <cik>0001762304</cik>
          <form13FFileNumber>028-19395</form13FFileNumber>
          <name>HILLHOUSE CAPITAL ADVISORS, LTD.</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>RICHARD A. HORNUNG</name>
      <title>GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER</title>
      <phone>852-2179-1988</phone>
      <signature>/s/ RICHARD A. HORNUNG</signature>
      <city>CENTRAL</city>
      <stateOrCountry>K3</stateOrCountry>
      <signatureDate>08-14-2020</signatureDate>
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