Home Travel agency Neil Shen will remain at the helm of Sequoia China after his...

Neil Shen will remain at the helm of Sequoia China after his global partner chooses to retire

6
0

Sequoia China has invested in more than 900 companies since its inception in 2005, of which 130 have been listed and 100 have achieved unicorn status

Star investor Neil Shen, director of Sequoia China, will retain his role as the US venture capital giant’s global managing partner, dispelling rumors that Sequoia China is separating from its parent company.

This came as Doug Leone, the global managing partner of Sequoia Capital, recently announced his retirement from the firm after his 65th birthday on Sequoia’s 50th anniversary.

Leone will be replaced by Roelof Botha, who will lead the venture capital fund’s US/Europe business, while Shen, who helped found Trip.com Group, China’s largest online travel agency before joining Sequoia, will continue to act as founder. and managing partner of Sequoia China.

In his retirement statement, Leone recognized Neil Shen for his outstanding contributions to the development of Sequoia China. In particular, he noted that Shen had effectively developed Sequoia China from scratch into a full-cycle, full-cycle private equity fund with a multi-product lineup and outstanding performance.

Additionally, Shen led the investment in ByteDance, Meituan, Pinduoduo and a number of world-renowned high-growth companies, Leone said.

Founded in 1972, Sequoia Capital is a pioneer in the global venture capital investment industry. It not only successfully invested in a series of legendary companies such as Apple, Cisco, Oracle and Google in Silicon Valley, but also became one of the most successful international investment organizations in China after establishing Sequoia China with Shen in 2005.

Over the past 17 years, Sequoia China has focused on investing in technology, consumption and health. Among more than 900 companies in its portfolio, more than 130 have been successfully listed and another 100 have become unicorns, making Sequoia China the private equity investment institution with the most unicorns in the world.