Neil Shen
{{Short description|Chinese venture capitalist (born 1967)}}
{{Use dmy dates|date=December 2023}}
{{Infobox person
| name = Neil Shen
| native_name = {{nobold|{{Lang|zh-cn|沈南鹏}}}}
| image = Neil Shen.png
| caption = Shen at World Economic Forum in 2014
| title = Co-founder of HongShan
Co-founder of Ctrip.com
Co-founder of Home Inn
| spouse =
| children = 2
| alma_mater = Shanghai Jiaotong University
Yale School of Management
| occupation = Venture Capitalist
Entrepreneur
| birth_place = Haining, Jiaxing, Zhejiang, China
| birth_name =
| birth_date = {{Birth date and age|1967|12|16}}
}}
Neil Shen ({{Zh|c=|p=Shěn Nánpéng|s=沈南鹏}}) is a Chinese billionaire venture capitalist, who is the founding and managing partner of HongShan, formerly known as Sequoia China, the Chinese arm of venture capital firm, Sequoia Capital. Prior to that, he was a co-founder of two companies, Ctrip.com and Home Inn.{{Cite web |title=Neil Shen |url=https://www.forbes.com/profile/neil-shen/ |access-date=19 June 2023 |website=Forbes |language=en}}{{Cite web |last=Flannery |first=Russell |title=Sequoia's Neil Shen Tops Forbes China Ranking Of Best Venture Investors |url=https://www.forbes.com/sites/forbeschina/2022/12/30/sequoias-neil-shen-tops-forbes-china-ranking-of-best-venture-investors/ |access-date=19 June 2023 |website=Forbes |language=en}}
He has been dubbed the most successful early-stage investor in China.{{Cite web |title=Sequoia Capital's Neil Shen knows how to pick a winner |url=https://asia.nikkei.com/Business/Sequoia-Capital-s-Neil-Shen-knows-how-to-pick-a-winner |access-date=19 June 2023 |website=Nikkei Asia |language=en-GB}}
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.{{Cite web |last=CBNEditor |date=10 March 2019 |title=Neil Shen Nanpeng (沈南鹏) – China Banking News |url=https://www.chinabankingnews.com/wiki/neil-shen-nanpeng-%e6%b2%88%e5%8d%97%e9%b9%8f/ |access-date=19 June 2023 |language=en-US}}
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 with James Liang, Min Fan, and Qi Ji. He served as president of the company from August 2003 to October 2005. He oversaw the company's initial public offering (IPO) on the Nasdaq in December 2003.{{Cite web |last=Konrad |first=Alex |title=How Neil Shen Built A Winner At Sequoia Capital China |url=https://www.forbes.com/sites/alexkonrad/2014/04/02/how-neil-shen-built-a-winner-at-sequoia-capital-china/ |access-date=19 June 2023 |website=Forbes |language=en}}{{Cite news |last=Hennessey |first=Raymond |date=15 December 2003 |title=Ctrip International's Success As an IPO Has Others Hoping |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/SB107145143246792800 |access-date=16 June 2023 |issn=0099-9660}}
In 2002, Shen co-founded Home Inn as a joint venture between Ctrip and the Beijing Tourism Group. It was spun-off from Ctrip as a separate company before its IPO on the Nasdaq in 2006.{{Cite web |date=6 October 2006 |title=Home Inn Hotels looks to Nasdaq for US$80m |url=https://www.scmp.com/article/566632/home-inn-hotels-looks-nasdaq-us80m |access-date=19 June 2023 |website=South China Morning Post |language=en}}
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 investment in various companies such as Alibaba, ByteDance, Meituan, JD.com, Pinduoduo, Qihoo 360, DJI, Vipshop.{{Cite news |last1=McMorrow |first1=Ryan |last2=Olcott |first2=Eleanor |last3=Wiggins |first3=Kaye |last4=Hammond |first4=George |date=9 June 2023 |title=Neil Shen goes it alone in China after Sequoia split |url=https://www.ft.com/content/179eb51a-70eb-4c79-9e74-befd0f5a02b7 |access-date=19 June 2023 |work=Financial Times}}{{Cite web |title=How Sequoia's Neil Shen Built a China Powerhouse |url=https://www.theinformation.com/articles/how-sequoias-neil-shen-built-a-china-powerhouse |access-date=19 June 2023 |website=The Information}}
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.{{Cite news |last1=O’Keeffe |first1=Kate |last2=Jin |first2=Berber |last3=Viswanatha |first3=Aruna |date=27 June 2023 |title=Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One. |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/sequoia-made-a-fortune-investing-in-the-u-s-and-china-then-it-had-to-pick-one-f13e7b91 |access-date=27 June 2023 |issn=0099-9660}}
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.
Personal life
Shen is married to an investment banker and has two daughters who attended school in Hong Kong.{{Cite news |last=Sender |first=Henny |date=6 August 2015 |title=Lunch with the FT: Neil Shen |url=https://www.ft.com/content/545dc28e-3b58-11e5-8613-07d16aad2152 |access-date=19 June 2023 |work=Financial Times}}{{Cite news |last=Stein |first=Peter |date=2007-06-29 |title=Hong Kong's New Groove: Ferraris, Hot Chefs, IPOs |url=https://www.wsj.com/articles/SB118306369610751963 |access-date=2024-01-07 |work=Wall Street Journal |language=en-US |issn=0099-9660}}
Shen currently holds Hong Kong citizenship and resides in Hong Kong. He speaks Mandarin and English. He also has some proficiency in Cantonese. Outside Hong Kong, Shen also has a mansion in Hainan where he often invites investors.
Shen is current Chairman of the Yale School of Management Board of Advisors.{{Cite web |title=Yale SOM Board of Advisors Gets New Leadership {{!}} Yale School of Management |url=https://som.yale.edu/news/2021/08/yale-som-board-of-advisors-gets-new-leadership |access-date=19 June 2023 |website=som.yale.edu |language=en}}
In January 2018, Shen was elected to the 13th Chinese People's Political Consultative Conference.{{Cite web |title=Guangdong-Hong Kong-Macao Greater Bay Area under spotlight at Two Sessions – People's Daily Online |url=http://en.people.cn/n3/2019/0305/c90000-9552866.html |access-date=19 June 2023 |website=en.people.cn}} However, in January 2023, The Information reported that he was no longer a member as he was not elected for a second term.{{Cite web |title=Sequoia Capital China Chief Leaves Beijing's Top Political Advisory Body |url=https://www.theinformation.com/articles/sequoia-china-chief-leaves-beijings-top-political-advisory-body |access-date=27 June 2023 |website=The Information}}
In February 2024, it was reported that Shen had acquired permanent residency in Singapore.{{Cite web |last=Ruehl |first=Mercedes |date=28 February 2024 |title=Sequoia China founder Neil Shen took Singapore residency |url=https://www.ft.com/content/070f0cf3-c4bd-4730-bbf0-d1abfee9e1a9 |access-date=2024-03-02 |website=www.ft.com}}
References
{{reflist}}
{{Ctrip}}
{{DEFAULTSORT:Shen, Neil}}
Category:20th-century Chinese businesspeople
Category:21st-century Chinese businesspeople
Category:Businesspeople from Zhejiang
Category:Chinese technology company founders
Category:Trip.com Group people
Category:Members of the 13th Chinese People's Political Consultative Conference