Neil Shen | |
|---|---|
| 沈南鹏 | |
Shen at World Economic Forum in 2014 | |
| Born | 16 December 1967 |
| Alma mater | Shanghai Jiaotong University Yale School of Management |
| Occupations | Venture Capitalist Entrepreneur |
| Title | Co-founder of HongShan Co-founder of Ctrip.com Co-founder of Home Inn |
| Children | 2 |
Neil Shen (Chinese: 沈南鹏; pinyin: Shěn Nánpéng) is a Chinese billionaire venture capitalist and entrepreneur. He is the founding and managing partner of HongShan (HSG), formerly Sequoia Capital China, which became independent from Sequoia Capital in 2023. He previously co-founded Ctrip.com (now Trip.com Group) and Home Inn.[1][2]
He is the most successful venture capital investor in China, according to Forbes[2][3] and the Financial Times.[4]
As of September 2025, Forbes estimated his net worth at $3.8 billion.[1]
Early life and education
[edit]Shen was born in Haining, Zhejiang, in 1967. He grew up in Shanghai and attended Shanghai No. 2 High School, where he was called a math prodigy. He then attended Shanghai Jiao Tong University, where he graduated in 1989 with a bachelor's degree in applied mathematics. Afterwards, he moved to the United States and attended the Yale School of Management, graduating with a master's degree in management in 1992.[1][5][6]
Career
[edit]After graduation, Shen worked for Citibank in the United States for two years. In 1994, he moved to Hong Kong to work as an investment banker at Lehman Brothers. In 1996, he joined Deutsche Bank as director of China capital markets.[1][5]
Shen left the banking sector, and in June 1999, co-founded Ctrip.com[6] — later Trip.com Group — one of China's first online travel brands and booking sites,[7] along with James Liang, Min Fan, and Qi Ji.[8] Shen was president and CFO of Ctrip,[6] and oversaw the company's initial public offering (IPO) on the Nasdaq in 2003.[9]
In 2002, Shen co-founded Home Inn as a subsidiary of Ctrip; it went public as a separate company in 2006.[6]
In 2005, Shen co-founded Sequoia China with Zhang Fan under the guidance of Sequoia Capital partners Michael Moritz and Douglas Leone.[6] Shen was given full autonomy and led Sequoia China to make successful investments in companies including Alibaba, ByteDance, Meituan, JD.com, and Pinduoduo.[10][11]
When managing partner Douglas Leone retired in 2022 from Sequoia Capital, Shen was considered one of the potential successors. However, the role went to Roelof Botha instead. Shen did not work as closely with the new leadership and has talked about going independent for years.[12]
In June 2023, Sequoia Capital announced its plans to split into three entities. Sequoia China led by Shen will be operating independently under the name HongShan, a pinyin romanisation of Sequoia Capital's Chinese name, which means redwood.[10][12]
Shen was ranked first on the Forbes Midas List, a global ranking of the best-performing venture capitalists in the world, in 2018,[13]2019,[14] 2020,[15] and 2023.[16]
Personal life
[edit]Shen is married to an investment banker and has two daughters.[1][17][18][19]
As of 2025, Shen lives in Hong Kong.[1] He speaks Mandarin and English and also has some proficiency in Cantonese.[17]
Shen is chairman of the Yale School of Management board of advisors.[20]
In January 2018, Shen was elected to the 13th Chinese People's Political Consultative Conference.[5][21] However, in January 2023, The Information reported that he was no longer a member as he was not elected for a second term.[22]
In February 2024, the Financial Times reported that Shen had acquired permanent residency in Singapore.[23]
References
[edit]- ^ a b c d e f "Profile: Neil Shen". Forbes. Retrieved 19 June 2023.
- ^ a b Flannery, Russell. "Sequoia's Neil Shen Tops Forbes China Ranking Of Best Venture Investors". Forbes. Retrieved 19 June 2023.
- ^ "Forbes China Releases 2024 Venture Capital 100 List: Activating New Growth". Forbes China. 10 December 2024.
- ^ Sender, Henny (3 February 2019). "Sequoia to make earlier and bigger bets in China". Financial Times. Retrieved 28 September 2025.
Neil Shen, China's most successful venture capitalist, is refining a twin-pronged approach as he invests in the country's next generation of tech companies.
- ^ a b c CBNEditor (10 March 2019). "Neil Shen Nanpeng (沈南鹏) – China Banking News". Retrieved 19 June 2023.
- ^ a b c d e Konrad, Alex (2 April 2014). "How Neil Shen Built A Winner At Sequoia Capital China". Forbes. Retrieved 19 June 2023.
- ^ "From scratch". The Economist. 31 August 2000. ISSN 0013-0613. Retrieved 28 September 2025.
...in 1999 he set up one of China's first travel brands, ctrip.com, a website in Chinese and English where visitors can read travel reviews and book air tickets or hotel rooms.
- ^ Wong, Maggie Hiufu (30 October 2019). "How to win over Chinese travelers? Ctrip CEO shares her expertise". CNN. Retrieved 28 September 2025.
- ^ "Ctrip raises share price as investors flock to IPO". South China Morning Post. 10 December 2003. Retrieved 28 September 2025.
- ^ a b McMorrow, Ryan; Olcott, Eleanor; Wiggins, Kaye; Hammond, George (9 June 2023). "Neil Shen goes it alone in China after Sequoia split". Financial Times. Retrieved 19 June 2023.
- ^ "How Sequoia's Neil Shen Built a China Powerhouse". The Information. Retrieved 19 June 2023.
- ^ a b O’Keeffe, Kate; Jin, Berber; Viswanatha, Aruna (27 June 2023). "Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One". Wall Street Journal. ISSN 0099-9660. Retrieved 27 June 2023.
- ^ Lee, Georgina (4 April 2018). "Sequoia China head Neil Shen tops Forbes' global list of leading technology venture capitalists". South China Morning Post. Retrieved 14 June 2025.
Hongkonger Neil Shen, head of Sequoia Capital China, tops this year's Forbes' 2018 Midas list, which ranks the world's top 100 venture capitalists (VCs) who have made strong exits or notable investment deals involving technology start-ups.
- ^ "Top 10 Venture Capitalists In Asia". Asia Tech Daily. 15 August 2019. Retrieved 14 June 2025.
- ^ Dai, Sarah (2 June 2020). "Sequoia Capital China's Neil Shen and Softbank Vision Fund partner quit board roles at Qihoo 360". South China Morning Post. Retrieved 14 June 2025.
Shen is arguably the most powerful venture capital investor in China's tech industry, and the Yale graduate was named No. 1 on the 2020 Forbes Midas List of the world's best venture capital investors, taking the accolade for the third consecutive year.
- ^ Schubarth, Cromwell (5 May 2023). "Bay Area VCs dominated the top of Forbes' Midas List again this year". Silicon Valley Business Journal. Retrieved 14 June 2025.
Neil Shen of Sequoia China topped this year's Midas List, the annual ranking of top VCs done by Forbes magazine.
- ^ a b "Sequoia Capital's Neil Shen knows how to pick a winner". Nikkei Asia. Retrieved 19 June 2023.
- ^ Sender, Henny (6 August 2015). "Lunch with the FT: Neil Shen". Financial Times. Retrieved 19 June 2023.
- ^ Stein, Peter (29 June 2007). "Hong Kong's New Groove: Ferraris, Hot Chefs, IPOs". Wall Street Journal. ISSN 0099-9660. Retrieved 7 January 2024.
- ^ "Yale SOM Board of Advisors Gets New Leadership | Yale School of Management". som.yale.edu. Retrieved 19 June 2023.
- ^ "Guangdong-Hong Kong-Macao Greater Bay Area under spotlight at Two Sessions – People's Daily Online". en.people.cn. Retrieved 19 June 2023.
- ^ "Sequoia Capital China Chief Leaves Beijing's Top Political Advisory Body". The Information. Retrieved 27 June 2023.
- ^ Ruehl, Mercedes (28 February 2024). "Sequoia China founder Neil Shen took Singapore residency". www.ft.com. Retrieved 2 March 2024.