Neil Shen

Neil Shen is a Chinese billionaire venture capitalist and entrepreneur. He is the founding and managing partner of HongShan (HSG), formerly Sequoia Capital China, which became independent from Sequoia Capital in 2023. He previously co-founded Ctrip.com (now Trip.com Group) 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.

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. along with James Liang, Min Fan, and Qi Ji. Shen was president and CFO of Ctrip,

In 2002, Shen co-founded Home Inn as a subsidiary of Ctrip; it went public as a separate company in 2006.

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. 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.

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.