Neil Shen
Neil Shen is a Chinese billionaire venture capitalist and entrepreneur. He is the founding and managing partner of HongShan, formerly Sequoia Capital China, which became independent from Sequoia Capital in 2023. He previously co-founded Ctrip.com and Home Inn.
He is the most successful venture capital investor in China, according to Forbes and the Financial Times.
As of September 2025, Forbes estimated his net worth at $3.8 billion.
Early life and education
Shen was born in Haining, Zhejiang, in 1967. He grew up in Shanghai and attended Shanghai No. 2 High School, where he was called a math prodigy. He then attended Shanghai Jiao Tong University, where he graduated in 1989 with a bachelor's degree in applied mathematics. Afterwards, he moved to the United States and attended the Yale School of Management, graduating with a master's degree in management in 1992.Career
After graduation, Shen worked for Citibank in the United States for two years. In 1994, he moved to Hong Kong to work as an investment banker at Lehman Brothers. In 1996, he joined Deutsche Bank as director of China capital markets.Shen left the banking sector, and in June 1999, co-founded Ctrip.com — later Trip.com Group — one of China's first online travel brands and booking sites, along with James Liang, Min Fan, and Qi Ji. Shen was president and CFO of Ctrip, and oversaw the company's initial public offering on the Nasdaq in 2003.
In 2002, Shen co-founded Home Inn as a subsidiary of Ctrip; it went public as a separate company in 2006.
In 2005, Shen co-founded Sequoia China with Zhang Fan under the guidance of Sequoia Capital partners Michael Moritz and Douglas Leone. Shen was given full autonomy and led Sequoia China to make successful investments in companies including Alibaba, ByteDance, Meituan, JD.com, and Pinduoduo.
When managing partner Douglas Leone retired in 2022 from Sequoia Capital, Shen was considered one of the potential successors. However, the role went to Roelof Botha instead. Shen did not work as closely with the new leadership and has talked about going independent for years.
In June 2023, Sequoia Capital announced its plans to split into three entities. Sequoia China led by Shen will be operating independently under the name HongShan, a pinyin romanisation of Sequoia Capital's Chinese name, which means redwood.
Shen was ranked first on the Forbes Midas List, a global ranking of the best-performing venture capitalists in the world, in 2018,2019, 2020, and 2023.
Personal life
Shen is married to an investment banker and has two daughters.As of 2025, Shen lives in Hong Kong. He speaks Mandarin and English and also has some proficiency in Cantonese.
Shen is chairman of the Yale School of Management board of advisors.
In January 2018, Shen was elected to the 13th Chinese People's Political Consultative Conference. However, in January 2023, The Information reported that he was no longer a member as he was not elected for a second term.
In February 2024, the Financial Times reported that Shen had acquired permanent residency in Singapore.