Neil Shen deploys new China investment strategy for $9B Sequoia China fund | Fortune

Neil Shen made a fortune off of China's tech unicorns. Beijing's tech crackdown means he must pivot.

Two weeks ago, star venture capitalist Neil Shen stunned the investment community when his firm Sequoia China, an affiliate of the Silicon Valley venture capital firm, raised a potentially record-breaking $9 billion to invest in four new funds focused on Chinese tech startups. The massive sum was as compelling as the fund’s timing. Nine billion dollars may be the largest fund ever raised by a single firm devoted to investing in Chinese startups. And it occurred as Beijing engages in a yearslong crackdown on Big Tech in China. The regulatory campaign has wiped $1.5 trillion in value from Chines

related reading

• “Build What’s Fundable” - by Kyle Harrison - Investing 101investing101.substack.com
• A Few Thoughts on the App Crackdown in China | Digits to Dollarsdigitstodollars.com
• The China Tech Canon—Asteriskasteriskmag.com
• To Win the Tech War with China, Unleash Venture Capitaltime.com
• The Visions of Neil Mehta - Colossusjoincolossus.com
• China Integrated Circuit Industry Investment Fund - Wikipediaen.wikipedia.org
• Benchmark raises its first-ever growth fund as part of $2B capital haul | TechCrunchtechcrunch.com
• TechCrunch | Startup and Technology Newstechcrunch.com
• China Travel Blog - by Charles Yang - Rough Draftscharlesyang.substack.com
• Heat Death: Venture Capital in the 1980s | Reaction Wheelreactionwheel.net
• Tiger Global’s risky billion-dollar investments in global tech startups - Rest of Worldrestofworld.org
• 2022 Annual Letter - Chamath Palihapitiyachamath.substack.com