Why Sequoia Capital is sawing off its Chinese branch
China is becoming too hot to handle, even for a giant of venture investing
NEIL SHEN has god-like status in the Chinese private-equity industry. The lead dealmaker at Sequoia China placed big, early bets on some of the country’s most successful technology companies, such as Meituan, a delivery super-app, and Pinduoduo, an e-commerce giant. Now Mr Shen’s investment firm is planning to go it alone, dropping the Sequoia name and eventually severing all connections with its Silicon Valley parent.
This article appeared in the Business section of the print edition under the headline “Hardwood floored”
Business June 10th 2023
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