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

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