Neil Shen, the boss of Sequoia China, discusses with the Financial Times how he has increased his firepower in the Chinese market through a new $8 billion global fund. Described by the FT as ‘China’s most successful venture capitalist’ Shen added: “Today you need bigger amounts to stay in the game. We worry that we have been too conservative.” Shen’s VC fund invested in 49 start-ups in 2018, ranking ahead of Tencent (30) and Alibaba (17) in Hurun’s league for start-up backers.
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