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Stock impact report

Neil Shen Leads Forbes China List Of Top VC Investors For Seventh Year [Forbes]

PDD Holdings Inc. - American Depositary Shares (PDD) 
Company Research Source: Forbes
© 2023 Bloomberg Finance LP Neil Shen, the founding partner of HongShan – formerly known as Sequoia Capital China, topped an annual list of China's best venture capital investors released on Tuesday by Forbes China, the licensed Chinese-language edition of Forbes magazine. The 100-member list is modeled on the “Midas List” of successful VC investors in the U.S. published annually by Forbes magazine. It takes into account returns earned on portfolio businesses that have listed or been acquired over the past five years or that have raised new capital at a valuation of more than $1 billion, Forbes China said. Shen, who ranked No. 1 for the seventh consecutive year, has made successful investments in Chinese Internet companies including TikTok owner ByteDance, online apparel retailer Shein, and Temu operator Pinduoduo, among others. The co-founder of China online travel leader Trip.com is worth $3.7 billion on the Forbes Real-Time Billionaires List today. Rounding out the top thr Show less Read more
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